EverFi New Module 2 2023 - Smart
Shopper/12 questions and answers
Discretionary expense - -spending that you have complete
control over because it is not necessary spending
-Emergency Savings - -an account used to put away funds to be
used in an emergency
-Expenses - -the money you're spending. This includes
everything you buy, such as food, concert tickets, or even a pack
of gum.
-Fixed expenses - -an expense that occurs regularly. This
amount typically does not change from month-to-month
-Income tax - -tax on the amount of money you earn that is paid
to the federal or state government
-Income - -money you earn, like money you may get from your
birthday or allowance from you parents
-Need - -when referring to budgeting, a need is an expense that
you can't live without
-Sales tax - -the tax you pay to the state or local government
when purchasing an item. Sales tax differs by state and not all
states have a sales tax.
-Unit price - -: the cost for one unit of an item
-Variable expense - -spending that is based on the purchase
decisions you make. These can vary from month to month
-Want - -when referring to
budgeting, a want is
an expense that you
would like to have and is not an absolute necessity
Shopper/12 questions and answers
Discretionary expense - -spending that you have complete
control over because it is not necessary spending
-Emergency Savings - -an account used to put away funds to be
used in an emergency
-Expenses - -the money you're spending. This includes
everything you buy, such as food, concert tickets, or even a pack
of gum.
-Fixed expenses - -an expense that occurs regularly. This
amount typically does not change from month-to-month
-Income tax - -tax on the amount of money you earn that is paid
to the federal or state government
-Income - -money you earn, like money you may get from your
birthday or allowance from you parents
-Need - -when referring to budgeting, a need is an expense that
you can't live without
-Sales tax - -the tax you pay to the state or local government
when purchasing an item. Sales tax differs by state and not all
states have a sales tax.
-Unit price - -: the cost for one unit of an item
-Variable expense - -spending that is based on the purchase
decisions you make. These can vary from month to month
-Want - -when referring to
budgeting, a want is
an expense that you
would like to have and is not an absolute necessity
