Budgeting

Fixed Vs. Variable Expenses

100

 Is rent a fixed or variable expense?

 Fixed

200

 Is electricity a fixed or variable expense?

Variable

300

 Is car 'a fixed or variable expense?

Fixed

400

Is groceries a fixed or variable expense?

Variable

500

 Is a gym membership a fixed or variable expense?

Fixed

Saving & Emergency Funds

100

What is an emergency fund used for?

Unexpected expenses

200

How much should you aim to save each month?

10–20% of income

300

 True or False: An emergency fund should cover 3–6 months of expenses.

true

400

If you save $50 a week, how much in 6 months?

$1,200

500

What’s the first step to building an emergency fund?

Start saving a small amount regularly

Needs and Wants

100

 Is rent a need or a want?

 Need

200

Is Netflix a need or a want?

Want

300

 Is groceries a need or a want?

Need

400

Is designer shoes a need or a want?

 Want

500

Is electricity a need or a want?

Need