My Paycheck Is What???
Amount of money you bring home on your paycheck.
What is Net Income/Net Pay
This is the basic percentage rule that should be followed in setting up a budget.
What is 50/20/30?
What is an Emergency Fund.
The APR on your credit card stands for this.
What is Annual Percentage Rate.
A good strategy in Money Management is to Always Pay Yourself ____.
This paycheck withholding puts money into a retirement investment fund that you will manage.
What is a 401 (K) or IRA
Rent or mortgage is a ______ expense. It does not change from month to month.
What is Fixed.
I am received in January. There is one of me for every employer that you worked for in the previous year. I have information on how much you earned and how much you paid in taxes for the previous calendar year.
What is a W-2.
The maximum that may be borrowed on your credit card is this.
What is the credit limit.
What family are you not going to try to keep up with.
Who are the Joneses.
Money left over after essentials are paid for is called ______ income.
What is discretionary
Instead of being cheap, you should be this. Try to get the most value from each purchase, not just the lowest price.
What is frugal.
To protect yourself from losing all your money on one stock, you should do this. Spread your money among different investments.
What is diversify your portfolio.
The smallest amount of a credit card bill that a credit card holder must pay during a billing cycle to remain in good standing with the lender.
What is the minimum payment.
The amount of additional money owed when you borrow money from the bank.
What is interest.
30% of your budget should be saved for _________.
What is Housing/Rent.
This is a type of mutual fund that hopes to mirror, for example, the S&P 500 or the Dow Jones.
What is an Index Fund.
Extra money that can be spent or saved at the end of the month that is left over is called a _______.
What is Surplus.
Expenses can be categorized into 2 buckets, ____ and _____.
What is Fixed and Variable.
When more money is spent than the budget allows you have a _______.
What is Deficit.
He is an American investor, business tycoon, and chairman and CEO of Berkshire Hathaway.
Who is Warren Buffet.
The two most important factors in calculating your credit score.
What are the payment history and amounts owed.
This is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal plus previously accumulated interest.
What is Compound Interest?