Fin Lit Chapter 3 Assignment.docx

Fin Lit Chapter 3 Assignment.docx - Luke Belanger Chapter 3...

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Luke Belanger Spending Plan for a Hypothetical Take Home Pay of $3,000 per Month Monthly Expense Categories Planned Monthly Cost Savings Paying Yourself First $50 Housing Rent $750 Utilities $50 Rental Insurance $10 Telephone $30 Cable and/or Internet $30 Cleaning Supplies $15 Home Furnishings $40 Food Chapter 3 Assignment - Fill in the Blank in the Answers column Answers 1. Insurance premiums, property taxes, and other expenses that occur regularly but not monthly are _______ costs just like rent. fixed 2. Spending plans are more ____________ than are budgets. user-friendly 3. Money that is left-over from your income each month is called ________________ income. discretionary 4. Spending plans make people face spending trade-offs better than ______________ do. budgets 5. Emergency funds should be kept ___________. liquid 6. Keeping a few hundred dollars in a secure spot in your home is the epitome of ___________________.
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  • Fall '16
  • Kurt Sheppard
  • Expense, Car Insurance

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