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Vocabulary
fixed expensesvariable expenses
Skills
  • distinguish (fixed and variable expenses) #dok2
  • identify (examples of fixed expenses) #dok1
  • identify (examples of variable expenses) #dok1
  • compare (types of expenses) #dok2
  • classify (expenses as fixed or variable) #dok2
Learning Targets
  • I can identify examples of fixed expenses. #dok1
  • I can identify examples of variable expenses. #dok1
  • I can distinguish between fixed and variable expenses when looking at a list of expenditures. #dok2
  • I can classify expenses as fixed or variable after analyzing spending patterns. #dok2
  • I can compare how fixed and variable expenses affect a budget. #dok2
Big Ideas
  • Understanding the difference between fixed and variable expenses is essential for managing money and making informed financial decisions.
  • Recognizing and categorizing expenses helps individuals create accurate budgets and plan for both predictable and unpredictable expenses.
Essential Questions
  • What is the difference between fixed and variable expenses?
  • Why is it important to distinguish between fixed and variable expenses when managing money?
  • How can identifying fixed and variable expenses help you create a budget?
  • What are some common examples of fixed expenses and variable expenses?
  • How might your fixed and variable expenses change throughout the year?