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Expenses
Review of U1 Lesson 2
Term | Definition |
---|---|
Expenses | Things you spend money on |
What are fixed expenses? | Expenses that are always the same amount (rent, cable bill, gym membership) |
What are variable expenses? | Expenses that change based on usage or amount (grocery bill, power bill, water bill) |
What are periodic expenses? | Expenses that occur regularly but not every month (car insurance, gifts at the holidays) |
Periodic or Variable? grocery bill | variable |
Periodic or Variable? car insurance | periodic |
Periodic or Variable? water bill | variable |
Periodic or Variable? termite yearly inspection | periodic |
Periodic or Variable? electricity bill | variable |
Periodic or Variable? college tuition | periodic |