Vocabulary
A written plan for giving, saving and spending.
What is a Budget?
A concept that an amount of money is worth more today than in the future due to earning potential.
What is time value of money?
Fixed, Discretionary, Periodic and Variable.
What are the four Major Types of Expenses?
How many paychecks do you receive per year if you are paid bi-weekly?
What is 26?
The only fruit with seeds on the outside
What is a Strawberry?
Earnings based on a percentage of the sales made.
What is a Commission?
Total Assets - Total Liabilities = ______________
What is Net Worth?
An expense that is the same every month (i.e. rent or a mortgage payment.
What is a Fixed Expense?
10% of 300
What is 30?
How do you write the number 100 using Roman Numerals?
What is C?
The amount of money earned before deductions.
What is Gross Income?
Twice a year.
What is Semi-annually?
The amount of money you have left after your employer subtracts all deductions
What is Net Income?
The fee the bank charges for lending money is known as
What is interest?
Capital of New York
What is Albany?
Ad debt or obligation owed to others.
What is a liability?
The persistent rise in the cost of goods and services over time.
What is inflation?
To know your Net worth, subtract your liabilities from your _____________?
What is Assets?
Net Income for 16.00 x 40 hours worked with 20% tax?
What is $512.00?
Mark Zuckerberg
Who is the founder of Facebook?
A cash-flow plan that assigns an expense to every dollar of your income; the goal is for the total income minus the total expenses to equal zero
What is a Zero-based Budget?
Four times a year.
What is Quarterly?
An expression to describe a household whose income is devoted to expenses with no savings.
What is living paycheck to paycheck?
What is the only number spelled with the same number of letters in its value?
What is four?
Walking the Dog, Rocking the Baby's Cradle, Going Around the World and Sleeping
What are tricks you can do with a YoYo?