Monday, October 7, 2013

In today's class. Mr. P gave us a new assignment called Personal Budgets, Mr. P has said to finish all of the assignment as it will help in the future and you should finish it someone of the keyterms for some questions are as follow- 

Recurring Expenses: Expenses that you deal with on a regular basis.
Ex: Rent, Orthodontics, Morgage, Car loan

Variable Expenses: Expenses that keep changing weekly or monthly.
Ex: Food, Phone Bill, Clothes, Hydro, Drivers License Fee, Car Insurance

Unexpected Expenses: Expenses that you don't expect to happen from time to time.
Ex:Flat tire, Chip in Window, Health Care, Funeral Expenses.

These terms will help you in some of the starting questions and as well Mr. P has handed back the unit test and has asked to check for any mistakes in counting the marks.

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