Electricity is an example of a ______ expense.
Budgeting

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Mathematics
•
9th - 12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Variable expense: Expenses that can change from month to month, such as electricity bills.
2.
FLASHCARD QUESTION
Front
Budgeting is crucial to your financial success. True or False?
Back
True: Budgeting helps manage finances effectively and plan for future expenses.
3.
FLASHCARD QUESTION
Front
Fixed or variable expense: Groceries
Back
Variable expense: Groceries can vary in cost each month.
4.
FLASHCARD QUESTION
Front
If an expense can NOT be removed from your budget to save money, it is considered a _____.
Back
Need: Essential expenses that are necessary for survival.
5.
FLASHCARD QUESTION
Front
Plans that can be accomplished within three months to a year are called?
Back
Short Term Goals: Goals that are achievable in the near future.
6.
FLASHCARD QUESTION
Front
What is a budget?
Back
A budget is a plan that outlines expected income and expenses over a specific period.
7.
FLASHCARD QUESTION
Front
What are fixed expenses?
Back
Fixed expenses are costs that do not change from month to month, such as rent or mortgage.
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