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WorksheetsTypes of expenses and Debit vs. Credit Cards
Total questions: 20
Worksheet time: 10mins
This type of expense occurs at different times throughout the year and tends to be in one lump sum.
Fixed
Variable
Discretionary
Intermittent
This type of expense changes in dollar amount every month.
Fixed
Variable
Discretionary
Intermittent
This type of expense remains the same from month to month.
Fixed
Variable
Discretionary
Intermittent
This type of expense is for things you don't necessarily need.
Fixed
Variable
Discretionary
Intermittent
Paying your rent or mortgage monthly is what type of expense?
Fixed
Variable
Discretionary
Intermittent
Paying your monthly electric bill is what type of expense?
Fixed
Variable
Discretionary
Intermittent
Going to the movies is what type of expense?
Fixed
Variable
Discretionary
Intermittent
Buying a new video game is what type of expense?
Fixed
Variable
Discretionary
Intermittent
Buying a new tire is what type of expense?
Fixed
Variable
Discretionary
Intermittent
Paying your insurance premium is what type of expense?
Fixed
Variable
Discretionary
Intermittent
Buying gas every week is what type of expense?
Fixed
Variable
Discretionary
Intermittent
Starbucks is what type of expense?
Fixed
Variable
Discretionary
Intermittent
An emergency room co-pay is what type of expense?
Fixed
Variable
Discretionary
Intermittent
College tuition is what type of expense?
Fixed
Variable
Discretionary
Intermittent
An expense can be more than one type. For example, an expense like Netflix is a fixed, discretionary expense.
True
False
You spend money you already have if you use this card.
Debit
Credit
You borrow money and create debt if you use this card.
Debit
Credit
The average personal debt of using this card is $0.
Debit
Credit
The average personal debt of using this card is $4,878.
Debit
Credit
A debit card will allow you to do all the things a credit card will do.
True
False
