Vocabulary
How Much Change?

Fixed and Variable Expenses
Needs and Wants
Misc.
100
services such as electricity, gas water, and heat a. debt b. utilities c. adjust
What are utilities?
100
Sean has $5.00. He buys a pack of gum for $1.23. How much change does he receive?
What is $3.77?
100
expense that are the same week to week or month to month
What are fixed expenses?
100
things you must have, such as food
What is a need?
100
Is your car payment a fixed or variable expense?
What is a fixed expense?
200
money that is owed a. adjust b. savings c. debt
What is a debt?
200
Jerome has $10.00. He buys lunch for $7.30. How much change does he receive?
What is $2.70?
200
expenses that change from week to week
What are variable expenses?
200
things you would like, but can do without
What is a want?
200
Is your bike a need or a want? Explain
It depends. If you need it to get to work, then it is a need.
300
a plan for spending and saving money
What is a budget?
300
Nancy paid $9.00 for a movie and bought popcorn and a soda for $4.50. She used a $20 bill. How much change did she receive?
What is $6.50?
300
Give an example of a variable expense.
What is (answers may vary)
300
grocery bill
What is a need?
300
Micah had $20.00. He spent $12.37 on gas. Does he have enough left over to spend $8.30 on lunch.
No -
400
a plan where income is equal to the sum of expenses and savings
What is a balanced budget?
400
Sean paid $14.87 each on two tickets to a baseball game. He paid with two $20.00. How much change did he receive?
What is $10.26?
400
Give an example of a fixed expense.
Answers may vary.
400
cable bill
What is a want?
400
Give an example of something you can do to cut your expenses.
Use less water...
500
money spent on something you need or want
What is an expense?
500
Joan paid 49.99 each for four tires. Joan paid with two $100 bills. How much change did she receive?
What is $0.04?
500
rent or mortgage
What is a fixed expense?
500
Give an example of a need and an example of a want.
Answers may vary
500
Give an example of something you can do to increase your income.
Get a part-time job.
M
e
n
u