Independent Living Ch. 25 Review

Costs that fluctuate in amount each month and may occur less regularly.

For the average American family, the housing category on a budget has the least amount of money

Spending future money for goods and services received in the present.

Which of the following is a source of credit?

When using this credit you agree to pay a set amount each month for a set period of time.

Credit plan where the item is pay in irregular or one large payment at later date(s).

A plan for managing income and expenses.

Credit cards are the most widely used type of credit in the US.

The dollar amount that credit costs a consumer.

Credit where consumer makes purchases, pays a % of the balance plus fees then spends more

How much should be put in to savings from your net income?

To be successful, your spending plan must...