Finance Park

All of the following are needs EXCEPT:

• food

• pets

• water

• shelter

Net monthly income is defined as

• all the money you earn or receive

• income left over after taxes are paid

• money spent on expenses

• income before taxes are paid

What are examples of debit card purchases? Check all that apply

• getting cash from ATM

• big purchases

• using a PIN at the grocery store

• emergeny repairs for your car

What are examples of using a credit card?

• getting cash from ATM

• emergency repairs for your car

• big purchase like washer/dryer

• using a PIN at the grocery stor

Discretionary expenses are things you HAVE TO PAY.

• true

• false

wages are: (check all that apply)

• pay for a high school or college job

• pay that never changes no matter how long you work

• based on an hourly rate

• typically paid every 2 weeks

All of these are fixed expenses EXCEPT:

• rent

• subscriptions

• car payment

• utilities

Variable expenses are: (check all that apply)

• rent

• groceries

• gas

• subscriptions

The following are considered sources of income. (check all that apply)

• salary or wage

• buying goods online

• gifts

• allowance

Wants are things that are necessary for survival

• true

• false