1. Miranda uses a credit card to make routine purchases. In the past, she could pay her total credit card bill every month. However, recently she’s been spending a lot more on clothes and eating out, so she’s started carrying a balance on her card. What type of expense is Miranda dealing with?
How did you arrive at this answer?

2. Mateo owns a clothing store. It’s getting close to the holiday season, and he’s hired a few temporary workers to cover the longer hours. Mateo needs to budget his money to pay these additional wages.
What type of expense is Mateo dealing with?
How did you arrive at this answer?

3. Thomas is excited about the new truck he purchased. Now, he needs to add the monthly truck payment to his budget as a new expense.
What type of expense is Thomas dealing with?
How did you arrive at this answer?