Give an example of a variable expense.

What do we call the money we make after all expenses are paid?

A group of boy scouts had a bake sale to raise money for camp. The cost of ingredients for the brownies, cookies, and cakes were $95. The amount of money they received at the bake sale was $215. How much did they make in profit?

What do we call expenses that change in price?

The Wells family had fixed expenses and variable expenses to pay. The fixed expenses are $650 for their house payment, $375 for their car payment, $200 for utilities, $65 for their phone. What is the total fixed expenses?

What is a loan?

Jonathan built a shed in his friend's backyard to make some extra money. His friend paid him $970 for building the shed. The materials Jonathan had to buy cost $350. How much profit did Jonathan make?

Peter catches fish for a local restaurant. They pay him $1.75 for each fish he catches. So far this month he has brought in 200 fish. What have they paid him?

Give an example of a fixed expense.

What do we call a plan used to manage expenses?

This month a family has the following variable expenses: $75, $350, $62, and $200. What is their total expenses?

Eddie's family had fixed expenses of $695 this month and variable expenses of $345 this month. What are their total expenses for the month?

What is a bank?