Income and Expenses Quiz

A________ is a plan for your money made up of income and expenses.

• Budget
• Salary

• Food

• Fun

__________ is the money you earning/make like the money you get from your allowance, for your birthday from your parents, or a job.

• Life

• Monopoly

• Expense

• Income

An _________ is the money your spending, that includes everything you buy such as food, concert tickets or a pack of gum.

• Expense

• Income

• Math

• Science

A ___________ is a fixed payment, usually paid on a weekly, or bi-weekly basis, that doesn’t vary no matter how little or much you work.

• Football

• Education

• Salary
• Expense

______________are expenses that you can control how much you spend. These expenses can include going out to dinner or going to a movie with friends.

• Income

• Discretionary Expenses
• Lunch

• Money

_____________ is the money you save in account, or in a shoebox, for an emergency, college, or to buy a specific item.

• Expenses

• Money

• Taxes

• Savings

__________________ like your rent, occur regularly and the amount doesn’t change from month-to-month.

• Fixed Cost

• Monopoly

• Homework

• Salary

8. Unlike Discretionary expenses, ____________ are expenses from spending on things you have some control over, like how much money you spend on clothes or food. You have to buy these things but the amount you pay can go up or down.

• Income

• Money

• Salary

• Variable Expenses

______________________ is the act of giving some of your money toward donations and charity.

• Charitable Giving

• Income

• Expenses

• Monopoly

_____________________ is the money you pay to the state or federal government when you buy something (from a store or business).

• Income

• Monopoly

• Salary

• Taxes