30 points, what is the best example of controlling a fixed variable cost?

setting a thermostat

using a fireplace instead of an electric heater

determining when “off-peak” hours at the electric company are and only doing your laundry during that time

all of the above

what is an example of a fixed variable cost?

gym membership dues

car payment

rent

utility bill

what is the best definition of a fixed variable cost?

expense that you must pay each month but the amount can differ

an expense that is optional, but the amount changes each month

an expense that is optional, but the amount stays the same each month

expense that you must pay and is the same amount each month

when is the best time to go to the grocery store so you can spend the least amount of money?

on a full stomach

on a day where there are lots of sales

both on a full stomach and when there are a lot of sales

none of the above

what should be considered a fixed payment in your budget?

gas prices

medical bills

student loans

emergency car repairs

what is the best way to control expenses?

putting all purchases on a credit card

setting and sticking to a budget

buying things that you really like

not buying items on sale

which option is the best example of a financial emergency?

sally just has to have the newest video game system.

sally buys a new dress for her cousin’s wedding.

sally has to have emergency surgery and will need to pay extra hospital fees.

sally really wants to see a new movie the day it comes out and she isn’t sure if she has enough money in her bank account to pay for it.

item 8
which option can be considered not preparing for a financial emergency?

living in a modest house

creating a budget

trying to pay down credit card debt

carrying high balances on credit card

item 9
which option is not an example of a financial emergency?

buying a gift for your best friend’s birthday

car repair

medical bill from the emergency room

losing your job

item 10
larry and his wife are planning to take a vacation.

which payment option would you recommend?

pay cash for their vacation

put the vacation on their credit card but pay the bill in full each month

use a debit card for their vacation

all of the above