Budgeting Worksheet II

Which of the following is generally the most expensive category in a person’s budget?

When making a budget, a person’s needs should come before their wants.

Jaxson can budget 1% of his monthly income to gifts. If he makes $1,295 a month, how much money can he put toward his gift category?

Carla’s monthly income is $2,500. She can spend 35% of her monthly income on her housing category, how much money does she have to spend in this category?

What is 35% of $2,492?

If an expense can be cut from your budget to save money, it is considered a ______.

Of all the choices, which one should you budget for first?

What is a need?

The money an individual spends regularly for items or services.

Which of the following is an example of a variable expense?