Akeem got his first apartment! He signed a one-year lease. What type of expense is this?

Carlos bought a new car. He ended up getting a 5-year fixed-rate car loan. What type of expense is the loan?

Panuk got a summer job. He will have to buy a transportation pass to get to his new job downtown. What type of expense is this?

Katrina spent more money than she realized on holiday gifts this year. Due to this, she is in a lot of credit card debt. What type of expense is this?

Ross got a new puppy. He’s very fluffy! He will need to pay for him to get groomed once a month. What type of expense is this?

Claudia enrolled herself in “budget billing” for her utilities. This means she will pay the same amount each month. What type of expense is this?

Jamie bought a cell phone. He paid for it in full. What type of expense is this?

Quinta is starting a new budget. She wants to include gas in her budget but every time she buys gas the price goes up! What type of expense is this?

Noah is on a payment plan for his new cell phone. He pays the same amount each month for two years until he pays off the phone. What type of expense is this?