Show:
Budget
Gross Income
Net Income
Fixed Expenses
Variable Expenses
100
Define budget?
What is a financial plan
100
Define gross income?
What is income before taxes
100

Define net income

What is income after taxes and deductions

100
Expenses that do not change each month
What is a fixed expense
100

Expenses that vary each month?

What are variable expenses

200

What are the two column headings usually listed on a budget?

What are income and expenses?

200
Is gross income before or after taxes?
When is before
200
Is net pay before or after taxes?
What is after
200
Is rent a fixed expense?
What is yes
200
Are groceries a variable expense?
What is yes
300

Reason for having a budget

To keep track of your income and expenses

300
Will you get more or less after gross income?
What is less
300

Will you get more or less money in your paycheck after deductions?

What is less

300

Is car insurance a fixed expense?

What is fixed?

300
Is rent a variable expense?
No
400

What is something you can use to help with debt repayment?

What is a budget 

400
Is gross income the amount you will actually get paid?
What is no
400

Is net pay the actual amount of your paycheck?

What is yes?

400

A car payment is what type of expense?

What is a fixed expense

400

Are entertainment expenses fixed or variable expenses?

What are variable expenses?

500

Key to success for budgeting?

What is sticking to the budget; don't overspend
500

What is the difference between net and gross income?

Gross income is before taxes and deductions; net pay is after taxes and deductions. Net pay is your take home pay. 

500

If your gross pay is $1,000.00 and your taxes and deductions total $100.00, what is your net income?

What is $900.00

500

Is a home mortgage payment a fixed or variable expense?

What is fixed?

500

Is gas expense variable or fixed?

What is variable?