BudgetinBudgeting & Money Management
This strategy means saving money before spending it.
What is pay yourself first?
This form shows how much money you earned and taxes withheld.
What is a W-2?
This phrase means something is very expensive.
What is costs an arm and a leg?
This is interest calculated only on the original amount.
What is simple interest?
This document shows your credit history.
What is a credit report?
This type of spending includes rent and groceries.
What is essential spending?
This form tells your employer how much tax to withhold.
What is a W-4?
This describes a product that generates steady profit.
What is a cash cow?
This is interest earned on both principal and past interest.
What is compound interest?
This number represents your creditworthiness.
What is a credit score?
This type of spending includes entertainment and dining out.
What is flexible (discretionary) spending?
This is money taken out of your paycheck for taxes.
What is withholding?
This means no profit or loss.
What is break even?
This formula is I = P × R × T.
What is the simple interest formula?
This is one of the three major credit bureaus.
What is Equifax?
This expense stays the same each month.
What is a fixed expense?
his is your income after adjustments but before taxes.
What is adjusted gross income (AGI)?
This means losing money.
What is in the red?
This causes savings to grow faster over time.
What is compound interest?
This law protects your credit information.
What is the Fair Credit Reporting Act?
This fund is used for unexpected expenses.
What is an emergency fund?
This is your total income before taxes.
What is gross income?
This refers to savings set aside for the future.
What is a nest egg?
$1,000 at 5% for 1 year earns this much interest.
What is $50?
This is when someone uses your identity for fraud.
What is identity theft?