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Budgeting in College

Total questions: 7

Worksheet time: 9mins

Name
Class
Date
1.

Which is considered a fixed expense?

a)

Utility Bill

b)

Groceries

c)

Rent

d)

Eating Out

2.

What is an example of a variable expense?

a)

Tuition

b)

Monthly Car Payment

c)

Eating Out

d)

Subscriptions

3.

A (a)   expense is a type of expense that remains the same each month, such as rent or a car

4.

What strategies are best for managing a limited budget while still balancing costs of school, social activities, and personal expenses while in college?

4 lines
5.

Which of the following budgeting methods do all of you find most effective for managing your finances in college?

a)

Tracking expenses with a notebook/notes

b)

Budgeting Apps

c)

Setting spending limits

d)

Staying mindful of spending

6.

Which of the following is NOT a good usage of money?

a)

Playstation 5

b)

Pizza

c)

Apartment

d)

textbooks

7.

You found a new computer that you like for $1200. You need a computer for class, but you only have a budget of $1500. Should you still get this laptop?

4 lines