

Expenses
Presentation
•
Mathematics
•
11th Grade
•
Practice Problem
•
Hard
Standards-aligned
Rachel Hooten
FREE Resource
6 Slides • 10 Questions
1
2
3
Multiple Choice
Which of the following is an example of a fixed expense?
A monthly mortgage payment
Buying a new phone
Car upkeep
A utility bill
4
Open Ended
Why is financial literacy important for young people to learn?
5
6
7
Multiple Choice
Surplus of income over expenses is ______________.
Profit
Deficit
Loss
8
Open Ended
Why is it important for young people to learn about financial literacy and the different types of expenses?
9
Open Ended
Explain the difference between fixed expenses and variable expenses, and give an example of each from your own life.
10
Multiple Choice
Which of the following best describes a periodic expense?
An expense that is the same each month, like rent
An expense that appears periodically throughout the year, like car upkeep
An expense that is different each month, like a utility payment
A non-essential or luxury expense
11
Fill in the Blanks
A monthly mortgage payment is an example of a
12
Multiple Select
Select all the items below that would be considered discretionary expenses:
A ticket to your favorite band’s concert
A trip to the beach for the weekend
Your water bill
Buying the latest iPhone
13
Open Ended
How can understanding the different types of expenses help you manage your personal finances more effectively?
14
Multiple Choice
What are the four major types of expenses discussed in financial literacy?
Fixed Expenses, Discretionary Expenses, Periodic Expenses, Variable Expenses
Essential Expenses, Non-Essential Expenses, Irregular Expenses, Luxury Expenses
Monthly Expenses, Yearly Expenses, Weekly Expenses, Daily Expenses
Personal Expenses, Family Expenses, Business Expenses, Government Expenses
15
16
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