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Budgeting: Income and Expenses

Total questions: 10

Worksheet time: 9mins

Name
Class
Date
1.

NAME the expense that you pay every month, same amount each time.

a)

Fixed Expense

b)

Variable Expense

c)

Intermittent Expense

d)

Discretionary Expense

2.

NAME the expense that you pay once or twice a year, usually in large amounts.

a)

Fixed Expense

b)

Variable Expense

c)

Intermittent Expense

d)

Discretionary Expense

3.

NAME the expense that occurs monthly, but the dollar amount can vary from month to month.

a)

Fixed Expense

b)

Variable Expense

c)

Intermittent Expense

d)

Discretionary Expense

4.

NAME the expense that pertains to an unnecessary item/service.

a)

Fixed Expense

b)

Variable Expense

c)

Intermittent Expense

d)

Discretionary Expense

5.

Match the following expense to the correct expense type.

a)

Fixed Expense

1.

Rent

b)

Variable Expense

2.

Electric Bill

c)

Intermittent Expense

3.

Car oil filter change

d)

Discretionary Expense

4.

Spotify

6.

Match the following expense to the correct expense type.

a)

Fixed Expense

1.

Student Loan Debt

b)

Variable Expense

2.

Water Bill

c)

Intermittent Expense

3.

Christmas Presents

d)

Discretionary Expense

4.

Snacks at Liters

7.

Match the following expense to the correct expense type.

a)

Fixed Expense

1.

Mortgage Payment

b)

Variable Expense

2.

Gas

c)

Intermittent Expense

3.

Car Repairs

d)

Discretionary Expense

4.

YouTube Premium

8.

​ (​ (a)   ) - (​ (b)   ) = Net Worth​

Choose from the below words
Assets
Liabilities
Income
Loans
Gross Income
Tax Rate
Interest Earned
9.

NAME the expense that is not fixed and can change from month to month.

a)

Fixed Expense

b)

Variable Expense

c)

Intermittent Expense

d)

Discretionary Expense

10.

NAME the expense that is optional and can be avoided if needed.

a)

Fixed Expense

b)

Variable Expense

c)

Intermittent Expense

d)

Discretionary Expense