My Paycheck Is What???
Not In The Budget.
Show Me The Money!
What am I Worth?
Everything Is Expensive!
100
Amount of money you bring home on your paycheck.
What is Net Income
100
1st step in creating a budget.
What is Setting Financial Goals.
100
Income-Expenses show you your c____ _____.
What is Cash Flow.
100
A personal financial document that shows ownership to your car is a ______.
What is a Car Title.
100
A personal balance sheet includes assets and _____.
What is Liabilities.
200
You should not include this source of income in your monthly budget.
What is bonuses
200
Rent is a ______ expense.
What is Fixed.
200
A _______ asset would be cash.
What is Liquid.
200
A _____ ___ can store personal financial documents at a bank but a drawback is that it can cost $100 or more a year.
What is Safe-Deposit Box.
200
A cash flow statement show income - ______.
What is Expenses.
300
Money left over after essentials are paid for is called ______ income.
What is discretionary
300
12% of your budget should go to pay for ______.
What is Car Payment.
300
When liabilities are are greater than assets you are I______.
What is Insolvent.
300
Your ___ ______ goes up when you pay off previous debts.
What is Net Worth.
300
Giving up something or a trade off in making financial decisions is called _____ ____.
What is Opportunity Cost.
400
Federal Income Tax, State Income Tax, Medicare and ______ are taken out of your paycheck each each pay period.
What is Social Security
400
31% of your budget should be saved for _________.
What is Housing/Rent.
400
Assets - liabilities calculates your ______.
What is net worth.
400
Extra money that can be spent or saved at the end of the month that is left over is called a S_______.
What is Surplus.
400
A good strategy in Money Management is to Always Pay Yourself ____.
What is First.
500
The form you fill out when you get HIRED at a job that tells the employer how much to take out of your paycheck in taxes is _______.
What is W4 form.
500
When more money is spent than the budget allows you have a _______.
What is Deficit.
500
Taxes would be an example of a _____ liability.
What is Current.
500
Price at which property or cars can be sold at is called the _______ ______.
What is Market Value.
500
2 types of expenses in a budget are ____ and _____.
What is Fixed and Variable.
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