Budgeting

Front

What is Car Insurance classified as?

Back

Fixed Expense

Front

Examples of Fixed Expenses include:

Back

Mortgage, loans, rent

Front

Which of the following is NOT a cost of owning a car? License and Registration fees, Gasoline, Utilities, Insurance

Back

Utilities

Front

Is budgeting crucial to your financial success?

Back

True

Front

What are Utilities classified as?

Back

Variable Expenses

Front

Define Fixed Expenses.

Back

Expenses that remain the same over time, such as rent or mortgage.

Front

Define Variable Expenses.

Back

Expenses that can change from month to month, such as groceries or entertainment.

Front

What is the purpose of budgeting?

Back

To plan and control financial resources effectively.

Front

Give an example of a Variable Expense.

Back

Groceries or entertainment.

Front

What is a budget?

Back

A plan that outlines expected income and expenses over a specific period.