Fixed/Flexible
Vocabulary
Logos
Money
Wants/Needs
100
Rent is an example of what type of expense?
Fixed expense
100
a financial establishment that invests money deposited by customers, pays it out when required, makes loans at interest, and exchanges currency:
bank
100
CPS energy, electricity
100
You are purchasing a packet of gum for $3 and you hand the cashier $5. How much money do they owe you?
$2
100
Want
200
Clothing is an example of what type of expense?
Flexible Expense
200
An expense that does not change every month
Fixed expense
200
IOM -International organization of Migration
200
How much money is presented?
$16
200
Want
300
Food is an example of what type of expense?
Flexible expense
300
An expense that varies every month
Flexible expense
300
SNAP/medicaid
300
How much money is presented?
$120
300
Medicine
Need
400
Car insurance is an example of what type of expense?
Fixed expense
400
The term used to describe a set amount of money you put aside for future emergency or use.
Savings/Save
400
SNAP/ Medicaid
400
You are purchasing a teapot for $75. You hand the cashier $100. How much should you get back?
$25
400
/GettyImages-460878353-56a134d25f9b58b7d0bd051c.jpg)
Gasoline
Need
500
Medical Bills are an example of what type of expense?
Flexible expense
500
Define Budget
A budget is a plan for using money over a certain period. It is an estimate of income and expenses, usually for a specific purpose or category. It is prepared in advance and is based on a future plan of actions. It can be used to compare actual spending with the plan and to balance the use of resources.
500
University Health Systems, Hospitals
500
You are purchasing a carseat for $147. You hand them $200. How much do they owe you?
$53
500
both a need or want