A symbol of goods and services
What is money?
Rent,car payments, insurance,cell phone bills, cable are examples of...
What is fixed expenses?
Money coming in
What is income?
Education savings account
What is a 529?
Short term goal bucket
What is 0-2 years?
Can change whenever depending on usage
What is flexible expenses?
Money coming out
What is expenses?
For retirement
What is 401k/403b
Intermediate goal bucket
What is 2-10 years?
2 factors that effect financial decisions
What is micro and macro?
Income> expenses=
Budget surplus
High risk/high reward
What is stocks and crypto?
Long term goal bucket
What is 10 or more years?
Economy,war and currency value
What is macro?
Income< expenses=
What is budget deficit?
Medium risk/medium reward
What is bonds?
S.M.A.R.T
What is specific, measurable, attainable, realistic and timely?
Health,income,age,career and family
What is micro?
The decrease of our spending power
What is inflation?
Low risk/low reward
What is cash?