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total amount of money before deductions
gross pay
This helps you keep track of expenses
Budget
The amount of workers needed in a certain field
Job Demand
Starting and Running your own business
take home pay after deductions
net pay
What is the 50/30/20 rule
50% goes to needs
30% goes to wants
20% goes to savings
Highest degree or training a person has
Education Levels
Helps you save money and grow faster through interest
High yield savings account
Something you pay every month. The amount stays the same
Fixed Expense
This income pays the same amount each month no matter how much hours you work.
Salary
Specific abilities you can learn
Hard Skills
Helps with unexpected things that come up
Emergency fund
Changes depending on how much you use it. Examples- groceries or gas
Variable Expense
Hourly Wages
Teamwork, Leadership and communication
Soft skills
What is a need and what is a want
needs are essential things like food and water and wants are wants are extras things like video games and eating out