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Teacher Answer Key - Home Page of the Cougars!

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Budgeting Your Spending 4<br />

1) Read each <strong>of</strong> <strong>the</strong> following statements and place a check<br />

mark below <strong>the</strong> type <strong>of</strong> expense or spending it represents.<br />

1) Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ̌<br />

2) Car Repair . . . . . . . . . . . . . . . . . . . . . . . . . . ̌<br />

3) Groceries . . . . . . . . . . . . . . . . . . . . . . . . . . . ̌<br />

4) Car Payment . . . . . . . . . . . . . . . . . . . . . . . . ̌<br />

5) Hospital Bill . . . . . . . . . . . . . . . . . . . . . . . . . ̌<br />

6) Concert Tickets . . . . . . . . . . . . . . . . . . . . . . ̌<br />

7) Clothing . . . . . . . . . . . . . . . . . . . . . . . . . . . . ̌ ̌<br />

8) Car Maintenance . . . . . . . . . . . . . . . . . . . . . ̌<br />

9) Gifts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ̌ ̌<br />

10) Utility Bills . . . . . . . . . . . . . . . . . . . . . . . . . ̌<br />

11) Mortgage . . . . . . . . . . . . . . . . . . . . . . . . . . . . ̌<br />

12) Insurance Premiums . . . . . . . . . . . . . . . . . . ̌ ̌<br />

13) Vacation Travel Expenses . . . . . . . . . . . . . . ̌<br />

14) Gasoline . . . . . . . . . . . . . . . . . . . . . . . . . . . . ̌<br />

15) Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ̌<br />

16) Credit Card Payments . . . . . . . . . . . . . . . . . ̌<br />

17) <strong>Home</strong> Furnishings . . . . . . . . . . . . . . . . . . . . ̌ ̌<br />

18) Child Care Expenses . . . . . . . . . . . . . . . . . . ̌<br />

19) Books, CDs and DVDs . . . . . . . . . . . . . . . . . ̌<br />

20) Eating Out . . . . . . . . . . . . . . . . . . . . . . . . . . ̌ ̌<br />

Discretionary Spending<br />

Unexpected Expense<br />

Periodic Expense<br />

Variable Expense<br />

Fixed Expense<br />

Name: ____________________________________<br />

Class: _______________________ Period: ____

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