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Types of expenses and Debit vs. Credit Cards

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

This type of expense occurs at different times throughout the year and tends to be in one lump sum.

a)

Fixed

b)

Variable

c)

Discretionary

d)

Intermittent

2.

This type of expense changes in dollar amount every month.

a)

Fixed

b)

Variable

c)

Discretionary

d)

Intermittent

3.

This type of expense remains the same from month to month.

a)

Fixed

b)

Variable

c)

Discretionary

d)

Intermittent

4.

This type of expense is for things you don't necessarily need.

a)

Fixed

b)

Variable

c)

Discretionary

d)

Intermittent

5.

Paying your rent or mortgage monthly is what type of expense?

a)

Fixed

b)

Variable

c)

Discretionary

d)

Intermittent

6.

Paying your monthly electric bill is what type of expense?

a)

Fixed

b)

Variable

c)

Discretionary

d)

Intermittent

7.

Going to the movies is what type of expense?

a)

Fixed

b)

Variable

c)

Discretionary

d)

Intermittent

8.

Buying a new video game is what type of expense?

a)

Fixed

b)

Variable

c)

Discretionary

d)

Intermittent

9.

Buying a new tire is what type of expense?

a)

Fixed

b)

Variable

c)

Discretionary

d)

Intermittent

10.

Paying your insurance premium is what type of expense?

a)

Fixed

b)

Variable

c)

Discretionary

d)

Intermittent

11.

Buying gas every week is what type of expense?

a)

Fixed

b)

Variable

c)

Discretionary

d)

Intermittent

12.

Starbucks is what type of expense?

a)

Fixed

b)

Variable

c)

Discretionary

d)

Intermittent

13.

An emergency room co-pay is what type of expense?

a)

Fixed

b)

Variable

c)

Discretionary

d)

Intermittent

14.

College tuition is what type of expense?

a)

Fixed

b)

Variable

c)

Discretionary

d)

Intermittent

15.

An expense can be more than one type. For example, an expense like Netflix is a fixed, discretionary expense.

a)

True

b)

False

16.

You spend money you already have if you use this card.

a)

Debit

b)

Credit

17.

You borrow money and create debt if you use this card.

a)

Debit

b)

Credit

18.

The average personal debt of using this card is $0.

a)

Debit

b)

Credit

19.

The average personal debt of using this card is $4,878.

a)

Debit

b)

Credit

20.

A debit card will allow you to do all the things a credit card will do.

a)

True

b)

False