Fixed, Variable, & Assets
What is a fixed expense?
What is An expense that stays the same from month to month
What is an appreciating asset?
What is Something you own that increases in value over time.
An apartment rent payment is which type of expense?
What is a Fixed Payment
What is a depreciating asset?
What is Something you own that loses value over time
What is a variable expense?
What is an Expense that changes month to month
A house is which type of asset?
What is an Appreciating Asset
Why is a credit score an important tool for individuals?
What is It determines your ability to borrow money and the interest rates you get.
A car is which type of asset?
What is a Depreciating Asset
A grocery bill is what type of expense?
What is a Variable Expense
What is the formula used to calculate Net Worth
What is Assets- Liabilities = Net Worth