Goals
Identify what is important to you
What is a goal?
Locating financial resources
What is tracking?
Financial tool to monitor and regulate spending and saving
What is a budget?
Ideally you should save how much of your income?
What is 12%
Loan payments
What is an expense?
Popular way to create objectives
What is smart?
Document shows the amount of money earned and spent
What is an income expense statement?
All resources that can be spent or saved
What is income?
Student loans on a balance sheet
What is a liability?
College students monthly budgets
What is vacillate between surplus and deficit?
Value and feasibility
What is risks and rewards?
It includes income, expenses, withdrawls, loan proceeds and money transfers.
What is a cash flow statement?
Income before taxes and deductions
What is gross income?
Expenses exceed budget
What is a deficit?
Value of a car
What is an asset?
Opportunities and obstacles to reach objectives
What is mental contrasting?
Electronic tool to trace how money is used
What is a computer spreadsheet?
Measures assets, liabilities and net worth at a point in time
What is a balance sheet?
Expenses include
What is everything?
Borrowing money to meet budget
What is an easy short-term fix?
"Used correctly, a budget doesn't restrict you; it empowers you."
Who is Tere Stouffer?
Money left over after all expenses have been paid
What is a surplus?
Income, expenses and surplus/deficit
What is three budget categories?
Long-term event is different from
What is a short-term event?