CalABLE
Something you can buy using your CalABLE account
Education, Housing, Transportation, Job Training
This category of spending would include items such as designer clothes, eating out, candy, and trips to the movie theater
Wants
This type of account is used for everyday spending
Checkings Account
How much you can save in your CalABLE account
$100,000
This method involves splitting your money into 3 distinct categories
50/30/20
A bank account can help you avoid this kind of fee on payday
Check Cashing Fee
Savings Account
Rent, Car Payments, and Insurance costs are all this kind of expense
Fixed
This type of authentication is required to open a bank account
ID and Social Security Card
How old you have to be to open a CalABLE account (as of 2025)
26
This budgeting method has you put away money into categories for specific purposes each month
Envelope Method
The acronym for the amount of money a savings account increases in a year
APY