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WorksheetsPersonal Finance
Total questions: 14
Worksheet time: 35mins
Which of these expenses is an example of a variable expense?
Rent
Car Payment
Utilities
Entertainment
The mortgage payment (housing) and the car payment (transportation) are examples of ...
Variable Expenses
Fixed Expenses
Budgeting
Assets
An expense that occurs by choice (you choose to spend money eating out or on clothing accessories) is an example of ...
Intermittent Expense
Variable Expense
Fixed Expense
Budgeting
Expenses that remain the same every month are ...
Fixed
Discretionary
Intermittent
Variable
Money that your earn is called a(n)____.
expense
income
debit
credit
Money that you spend is called a(n)___.
expense
income
debt
profit
Using more money than you have available.
indebting
overindulging
shopping sprees
overspending
A plan for spending and saving. You must consider both income and expenses.
budget
banking
hoarding
investing
Something thought to be an essential item required for life (food, water, etc.)
surplus
want
need
deficit
Something unnecessary but desired. An item which increases the quality of life (video games, DVD's, etc.)
surplus
want
need
deficit
The item you gave up to purchase the item you chose.
expensive
unecessary
cheap
opportunity cost
If your income is $20 per month, how much should you spend each month to stay on budget?
exactly $20
between $20 and $30
nothing
$20 or less
