Name That Expense review

What is income?

• money you earn

• expenses that are removed from our paycheck prior to receiving it

• expenses that we can expect to pay each month and are generally predictable

• Expenses that vary month to month based on your needs and wants

• Expenses that we pay annually (once a year), quarterly (once every 3 months, or 4 times a year), or occur at unexpected times

What is a fixed expense?

• money you earn

• expenses that are removed from our paycheck prior to receiving it

• expenses that we can expect to pay each month and are generally predictable

• Expenses that vary month to month based on your needs and wants

• Expenses that we pay annually (once a year), quarterly (once every 3 months, or 4 times a year), or occur at unexpected times

What is a periodic expense?

• money you earn

• expenses that are removed from our paycheck prior to receiving it

• expenses that we can expect to pay each month and are generally predictable

• Expenses that vary month to month based on your needs and wants

• Expenses that we pay annually (once a year), quarterly (once every 3 months, or 4 times a year), or occur at unexpected times

What is a deduction?

• money you earn

• expenses that are removed from our paycheck prior to receiving it

• expenses that we can expect to pay each month and are generally predictable

• Expenses that vary month to month based on your needs and wants

• Expenses that we pay annually (once a year), quarterly (once every 3 months, or 4 times a year), or occur at unexpected times

What is a variable?

• money you earn

• expenses that are removed from our paycheck prior to receiving it

• expenses that we can expect to pay each month and are generally predictable

• Expenses that vary month to month based on your needs and wants

• Expenses that we pay annually (once a year), quarterly (once every 3 months, or 4 times a year), or occur at unexpected times

What category does the following fit into: babysitting money

• Income

• Deduction

• Fixed Expense

• Variable Expense

• Periodic Expense

What category does the following fit into: monthly rent

• Income

• Deduction

• Fixed Expense

• Variable Expense

• Periodic Expense

What category does the following fit into: car loan

• Income

• Deduction

• Fixed Expense

• Variable Expense

• Periodic Expense

What category does the following fit into: health insurance (through your job)

• Income

• Deduction

• Fixed Expense

• Variable Expense

• Periodic Expense

What category does the following fit into: cost of groceries

• Income

• Deduction

• Fixed Expense

• Variable Expense

• Periodic Expense