NextUp Lesson #11

A number from 300 to 850 that depicts a consumer's creditworthiness. The higher the score, the better.

• Income
• Budget
• Credit Score

An expense in your budget that you can expect to stay the same over time.

• Debt
• Fixed Expense
• Flexible Expense

The money you earn.

• Debt
• Expenses
• Income

A tool an individual uses to determine the state of their finances and help them plan spending over the course of a period of time.

• Budget
• Budget Sheet
• Credit Score

An amount of money available for spending that is based on your income and a plan for how it will be spent.

• Budget
• Budget Sheet
• Expenses

An expense within your budget that changes from month to month.

• Credit Score
• Flexible Expense
• Fixed Expense

The money you spend on products or services.

• Credit Score
• Expenses
• Income

The state of owing money.

• Budget
• Debt
• Income

Which of the following is an example of a flexible expense?

• Groceries
• Mortgage
• Student Loans

True or False. Your credit score helps determine if you’re able to take out loans for a vehicle or a home.

• True
• False