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?

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?

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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?