FF project

b)Expenses that don't change 

Fixed expenses areexpenses that can't be easily changed and that remain essentially the same from month to month. (Car payments, mortgage, etc.)

c)Expenses that happen occasionally 

Occasional expenses are expenses that occur one or a few times a year. (Birthday gifts, personal property taxes.)

b)Income that is occasionally earned 

Periodic income is income not earned on a regular schedule. (Occasional babysitting, summer jobs, gifts from relatives.)

c)Spending what you expected and planning for it 

A planned expense is spending what you expect and for which you plan.

a)A plan for managing income and monthly expenses

b)Giving up something to get something else 

A trade-off is giving up some of one thing in order to acquire more of another.

b)Expenses that you haven't planned for  

An unplanned expense is spending for something for an emergency, urgent need or impulse purchase. (Car accidents, unexpected surgeries.)

c)Expenses that can be controlled 

A variable expense is an expense that can be controlled and that change from month to month. (Restaurant purchases, shopping trips.)

a)To prepare for a secure financial future 

A secure financial future is as important as having good credit scores when you buy a car. You know how to manage your money, and you need to be ready to do this in your own life once you start getting a regular income.