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Banking
Game Code: 343966
English
29
Public
Banking
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What is a budget?
A plan to spend and save money
15
What are the two components that make up a budget?
Income & Expenses
25
What is income?
Money you have coming in
10
What are expenses?
Things you spend your money on
10
What are two examples of utliities?
Answers will vary
15
What is an example of income?
Answers will vary
10
True or False- Earnings and income mean the same thing
True
10
Fixed expenses occur....
Every Month
5
The amount allotted to a fixed expenses _________
Stay the same
5
The amount spent on a flexible expense _______
Changes
5
Flexible expenses occur...
Every Month
5
Discretionary Expenses occur...
Randomly
5
What is a discretionary expense?
An expense that occurs only when you have money left over after your fixed and flexible expenses have been paid.
15
What type of expense is a Car Loan
Fixed Expense
10
What type of expense is the Electric Bill
Flexible Expense
10
What type of expense is the Grocery Bill
Flexible Expense
10
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