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TEEN ATLAS QUIZ : MONEY SMART

What does Cost Comparison mean?
Comparing the cost of two or more goods and services
Comparing which item is cheaper
Comparing which item is more expensive
What are some examples of "Variable Expenses"?
Car Insurance
School Supplies
Food
Rent
What are two things you should take into consideration when you're checking your budget
Incoming & Outgoing
Income & Expense
Pension & Taxes
What does Cost-Benefit Analysis mean?
Analyzing cost of stuff
Analyzing which item is worth the time and effort
Checking if the cost of an item is equal to, or less than the benefit of purchasing the item
What is included in Gross Income?
Provincial & federal tax
Insurance
Pension
Health Benefits
All of the above
Union fees
Police tickets
What are some examples of a "Fixed Expense"?
Bicycle
Phone Bill
Rent
Car Payment
Laundry
Gas
Mortgage
Water Bill
What does Net Pay mean?
Cash that is left after taxes
Tax for internet usage
Cost of being on the internet
"Web" of bills
What does Calculating Future Expenses mean?
Estimating cost of future needs
Estimating cost of future goals
Estimating cost of present goals
Multiplying cost of future needs & future goals together
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