Expenses
These are the two primary types of expenses.
What are fixed and variable expenses?
These are the two primary types of income.
What are steady and supplemental income?
A "+" represents this, while a "-" represents this in an expense log.
What are an income and an expense?
DOUBLE JEOPARDY! A conjunction, like which, whereas, or and, is used to do this.
What is connect two statements or ideas?
The difference between this word and budgeting is that, while budgeting is actually executing a plan, it is only looking at your income and expenses.
What is tracking?
These are three examples of a variable expense.
What are gas / takeout / energy drinks and coffee / concerts / raffle tickets / new headphones / etc.?
DOUBLE JEOPARDY! These are three examples of supplemental income.
What are tips / selling personal items / sponsorships / allowance / babysitting or other odd jobs / gifts / selling art / etc.?
When going to college, this is one of the per-semester expenses that you will need to budget for.
What are books and fees / school supplies / student fees?
This is one example of a phrase/word used to describe an amount in more detail.
What is a majority / the bulk / most of / a little less than / a tiny bit more than / a significant amount / nearly / close to / approximately / etc.?
This word, meaning changing or varying, is one of Mr. James' favorites!
What is fluctuate?
When dividing up her scholarship money, this is the main mistake that Xochitl made.
What is not accounting for one-time and long-term expenses?
Steady income usually comes in this form, this many times per month.
What is a paycheck, one to four times per month?
This is an effective way to budget for one-time expenses, like moving or the holidays, as explained in the YouTube video shown in class.
What is tracking/identifying these expenses and saving for them specifically?
These is one example of an adverb.
What is incredibly / slowly / beautifully / carefully / greatly / quickly / quietly / frequently / usually / etc.?
DOUBLE JEOPARDY! This is another word for "variable."
What is nonrecurring / unpredictable / different / changing / discretionary?
DOUBLE JEOPARDY! This is the amount of your budget that should be allotted to pay for fixed expenses.
What is 50%/half?
This is the smallest amount of money that an employer can pay you, which some employers get around by counting this second concept as the main part of their employees' income.
What are the minimum wage and tips?
When you move into an apartment, this is what need to pay in advance to cover any damage done to your apartment when you move out.
What is the security deposit / deposit?
This is one example of a word/phrase that adds examples to statements.
What is like / such as / for example / including / similar to / etc.?
Name one term that describe a specific timeframe, usually used for payments/paychecks.
What is annual / frequent / infrequent / weekly / monthly / bimonthly / common / recurring / nonrecurring / predictable / unpredictable / etc.?
This fixed expense changes every month, but is still considered a fixed expense because you pay it at the same time and the amounts will always be similar.
What is a gas / electric / water bill?
This type of supplemental income, often used by artists, is when you charge someone money for doing a specific creative task.
What is a commission?
DOUBLE JEOPARDY! These are the three most important components to include in a budget.
What are a period of time or timeframe, a spending limit, and a list of identified expenses and income?
One of these verbs shows possibility, intent, ability, or necessity, and is often used to give advice.
What is could / should / might / must / have to?
It is important to make this type of decision when creating a budget so that you end up with an effective strategy.
What is a strategic / well-informed / logical / intentional / conscious / goal-oriented decision?