Budgeting in College

Which is considered a fixed expense?

• Utility Bill

• Groceries

• Rent

• Eating Out

What is an example of a variable expense?

• Tuition

• Monthly Car Payment

• Eating Out

• Subscriptions

A ______ expense is a type of expense that remains the same each month, such as rent or a car

What strategies are best for managing a limited budget while still balancing costs of school, social activities, and personal expenses while in college?

Evaluate responses using AI:

OFF

Which of the following budgeting methods do all of you find most effective for managing your finances in college?

• Tracking expenses with a notebook/notes

• Budgeting Apps

• Setting spending limits

• Staying mindful of spending

Which of the following is NOT a good usage of money?

• 
• 
• 
• 

You found a new computer that you like for $1200. You need a computer for class, but you only have a budget of $1500. Should you still get this laptop?

Evaluate responses using AI:

OFF