50/20/30 Budget
What are some examples of needs?
Rent, groceries, transportation, gas, bills, food, water, and more
Who do you pay?
Yourself
____-Based Budget
Zero
True or False: This is a 50/20/30 Budget
False
What character would I be, ONLY 1 RIGHT ANSWER
Robert Robertson lll
What are some examples of what you could save for in the future using this budget?
College, vacations, a car, big purchase, other goals
Once you pay yourself, where do you put it?
Savings Account
In what ways can you track this budget?
Notebook or basic spreadsheet
If you don't want to carry cash, use a _________ app
budgeting
Who has the most aura in Dispatch
Chase
How do you track this budget?
What comes first, savings or paying the bills in this budget?
Savings
What amount of money should you end with at the end of the month?
$0
Why does this budget help?
Makes spending tangible and limits overspending. Helps see where your money goes in real time
What does SDN stand for
Superhero Dispatch Network
What does 50/20/30 stand for?
Needs, Savings, Wants
When should you transfer money to savings?
At the beginning of each month
What is a Zero-Based Budget?
A budget where every $ of income is assigned to a purpose, you plan for all expenses ahead of time while saving for emergencies, and it helps avoid impulse buys.
A budget where you use envelopes for different spending areas, putting a set amount in each envelope at the start of each month. When one is empty, you can't spend in that category until the next month
Who voices Sonar and Punch up
Moistcr1TiKaL and Jacksepticeye
How do you create this budget?
Find your net income after taxes, split net pay into 50% Needs, 20% Savings, and 30% Wants.
If saving becomes uncomfortable, what should you do?
Start with a small amount and increase over time
How do you use this budget?
List all income sources, list every planned expense, assign money to each expense until you reach $0 for the end of the month, if money is left, add or increase a savings category, and track/adjust if needed
How do you use this budget?
Decide categories (needs, wants, savings, etc), place planned amount of cash in envelopes, spend from envelopes only, when empty, stop spending that category
What is Shroud's real name, and what group does he lead?
Elliot Connors, The Red Ring