Personal Budgeting
This popular rule of thumb suggests dividing your monthly take-home pay into three distinct percentages: needs, wants, and savings.
What is the 50/30/20 rule?
This type of income includes the regular wages, hourly pay, tips, and salaries you receive directly from working a job.
Employment
This mandatory federal payroll tax funds a national retirement, disability, and survivors program for American workers and their families.
What is Social Security?
Because of the massive convergence of major rail lines and freight yards built in the 19th century, Durand earned this official town nickname.
What is "Railroad City"
Her record-breaking Eras Tour became the highest-grossing concert tour of all time and featured a massive stadium concert film.
Who is Taylor Swift?
Budget costs like car payments, rent, or flat-rate subscriptions that remain the exact same dollar amount every single month are known as these.
What are fixed expenses?
Money generated from stock dividends, rental properties, or high-yield savings accounts that requires little to no daily labor to maintain is known as this.
What is passive (or portfolio/investment) income?
Paired with Social Security on your pay stub, this federal tax helps pay for hospital and healthcare coverage for Americans aged 65 and older.
What is Medicare?
Completed in 1903, rebuilt after a 1905 fire, and saved from demolition by citizens in the late 1970s, this historic landmark now houses the Michigan Railroad History Museum.
What is Durand Union Station (or the Durand Depot)?
Developed by Epic Games, this battle royale game features 100 players dropping onto an island to build structures, fight, and attempt to secure a "Victory Royale."
What is Fortnite?
Financial experts recommend setting aside three to six months worth of living expenses in this dedicated liquid account for unexpected events like job loss or medical care.
What is an emergency fund?
This term refers to the total amount of money earned on a paycheck before any taxes, insurance, or retirement contributions are taken out.
What is gross income?
This four-letter acronym stands for the 1935 federal law that legally mandates the collection of Social Security and Medicare taxes from employee paychecks.
What is FICA (Federal Insurance Contributions Act)?
Durand is located within this Michigan county, which also encompasses neighboring cities like Owosso and Corunna.
What is Shiawassee County?
Pop star Sabrina Carpenter scored her first Billboard Hot 100 #1 single with this catchy, caffeine-inspired summer pop anthem.
What is "Espresso"?
In this specific budgeting method, every single dollar of your income is assigned a designated job—such as bills, savings, or spending—until your total income minus expenses equals zero.
What is zero-based budgeting?
Often called your "take-home pay," this is the actual amount left over on your paycheck after all required tax withholdings and voluntary deductions are subtracted.
What is net income?
Employers must send workers this tax form by late January each year to summarize their total annual earnings and all taxes withheld over the previous year.
What is Form W-2?
Held annually every May since 1975, this three-day community festival celebrates the town's heritage with parades, train tours, and games.
What is Durand Railroad Days?
Directed by Greta Gerwig, this 2023 blockbuster movie brought Mattel’s iconic fashion doll to life on the big screen.
What is Barbie?