Identifying the Four
Expense Types
CHAPTER 2, LESSON 2
NAMES DATE
raphael 8/30/24
DIRECTIONS
Work with your partner. Place each budget item in the appropriate column according to its expense type.
Keep in mind that some budget items could go in more than one column.
BUDGET ITEMS:
• groceries • eating out • utilities • new tires
• retirement • car savings • movies • phone/internet
• streaming services • clothes • insurance • child sponsorship
• gym membership • gas • gifts • miscellaneous
FIXED VARIABLE INTERMITTENT DISCRETIONARY
Rent/Mortgage groceries new tires Gym Membership
Utilities gas gym membership cloths
insurance eating out gifts Miscellaneous
Phone/Internet streaming service Movies
retirement clothing eating out
car savings utilitys Streaming Service
child support insurance child sponsorship
movies new tires
miscellaneous
FO U N DATI O NS I N PERSONA L FI NA NCE PAGE 1 O F 2
Identifying the Four Expense Types
CHAPTER 2, LESSON 2
DIRECTIONS
Answer the following questions and be ready to discuss your answers with the class.
1. Choose one budget item from each column and explain why it belongs in that column.
FIXED VARIABLE INTERMITTENT DISCRETIONARY
Rent/Mortgage Groceries Car Maintenance Dining Out to free up
its because its usullly it varies on how car maintennce can money for financial
the same amount much money you come out of no where goals
every month unless spend based off how and based on how
some thing happenes much money you bad it is it might cost
have alot
2. Which item did you and your partner discuss/debate the most? Why?
me myself and i discussed abt the discretionary which was dinning out which is just to get rid of
money and have fun
3. What is an item not listed above that you would like to add to the discretionary
column? Why?
i would put gambiling at a casino as discretionary because as they say your just wasting money
and gaining someting so for example if you went out you would gain fun
FO U N DATI O NS I N PERSONA L FI NA NCE PAGE 2 O F 2
