Fixed vs Variable
Is rent fixed or variable?
Fixed! You have to pay rent.
When is Prom?
April 26th
Which teacher is in room 108?
Doctor Lockett!
What /is/ credit?
Credit is an agreement between a lender and a borrower that allows the borrower to obtain funds, goods or services now and repay them later.
What is the 20% of the 50/30/20 rule?
Savings
Is gas a fixed or variable need?
When is the GLA Art show?
May 13th.
What room number is Mr. Spears
Room 308.
What percentage of the credit card should you use?
33%
What IS the 50/30/20 rule?
The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings.
What is the difference between a Fixed and Variable expense?
A fixed expense is something that you already know & cannot change, like rent. While a variable is something that can change at any point, for example: Gas.
When is Grad Bash?
April 4th & 5th.
Who is located in room 220
Mr. Lessen
How long does it take to clear your credit history?
Seven years.
What is envelope budgeting?
You split up your money according to how much you want to spend in each category—and then only let yourself spend until the cash in each envelope is gone.
Is buying a phone fixed or variable?
A phone can be considered a fixed want, since phones can be seen as a necessity.
How much is the platinum tier of senior dues.
$400
Who is in room 419
Ms. Hoyseth.
What is the difference between a soft and hard inquiry?
A hard inquiry will effect your credit score, while a soft inquiry will not effect it.
What is a tax write off? And why are they used?
A tax write-off is an expense that you subtract from your taxable income. Tax write-offs are used to reduce your total taxable income and decrease your tax bill.
Name the top three fixed needs
Rent, car insurance, loans.
When is Graduation?
May 27th at 5pm at the crossroad church
Guess the teacher in room 416.
Ms. Katy
What is the most impactful factory on your credit score?
Percent of on time payments.
What are the 5 categories you use in envelope budgeting?
Fixed needs, variable needs, fixed wants, variable wants, and savings