Discretionary and Essential Expenses

Items you need are what type of expenses

• Discretionary

• Essential

Which is an essential expense?

• Limited Edition Nike Air

• Ice Blended Mocha

• Rent/Mortgage

• Sushi

What is discretionary expenses

• Groceries

• Utilities

• Vacation

• Mortgage/Rent

To find the mean you

• Don't do your chores

• Find the common difference

• Find the sum and divide by the number of terms in the list

• Choose the middle term after placing the terms in order from least to greatest

Gross income is

• disposable income.

• your income before taxes are deducted.

• covered with slime.

• not a real thing.

All are statistical measures except for

• Mean

• Median

• Mode

• Subscript

Sam's water bills for the first six months are

$40, 40, $42, $38, $48, $50. What is the mean? Identify the unit measure in your answer.

Travel is an essential expense when

• you take your family to Hawaii.

• it is business or work related.

• you bring back souvenirs for your boss.

• take the company car on a road trip with friends.

A budget helps you

• manage your money.

• spend all that you make.

• prepare for the future.

• keep you income & expenses in line so you can save and plan for the future.

What does the quote by Sidney Carroll "A bargain ain't a bargain unless it's something you need." mean?