Banking
This is something every spending plan should have whether long term, medium term or short term.
What are goals?
Examples of this type of expense include mortgage/rent, insurance, loan payments, and vehicle payments.
What are fixed expenses?
This is what credit card companies charge for use their money.
What are interest?
When saving money for a longer period of time, but you would still like easy access in case of an emergency, this type of investment typically has better yielding interest rates than a standard savings account.
What is Certificate of Deposit (CD)?
This may include your paycheck, child support, alimony, investment profits, and/or other.
What is your source of income?
The easiest type of expenses to lessen.
What are flexible/variable expenses?
The best way to reduce your credit card debt.
What is pay more than the minimum payment required?
This is the best way to protect your credit rating.
What is pay your bills on time?
Using these reduce your grocery bill, which is one way to help lower your monthly flexible/variable expenses.
What are coupons?
When possible, it is better to buy a home rather then rent because purchasing real estate is considered an investment. As you pay off your mortgage your home appreciates and you build this.
What is equity?
When paying of debt owed to more than one creditor, the best plan is to begin by paying extra money each month to the creditor with this.
What is the smallest amount owed or loan/ credit card with the highest interest rate?
The limit of money deposited in a bank that is insured by the FDIC.
What is $250,000.00?
Examples of this type of expense include groceries, wireless telephone, electric, heating oil/gas, and gasoline.
What flexible/variable expenses?
Preferably, the only types of purchases that should be financed are these.
What are large purchases (such as a house or car)?
The best time to begin saving for retirement.
What is As Soon As Possible?
This happens when you write checks for more money than is in your account.
What is an overdraft or bounced check?
Every spending plan should be achievable and not unr_____istic.
What is unrealistic?
Calculate this by taking the total amount of money and assets you have and subtracting the total amount of liabilities or money you owe.
What is your Net Worth?
This represents the amount of money left over after all bills have been paid.
What is descretionary income?