investing
why is investing important ?
to have as a back up plan, to save for the future and things you want, building your wealtyh
what is 30%
wants
what is yearly pay rate/yearly income ?
amount you get every year
what is setting money aside ?
saving
what is choosing between two things?
choice/decision
what is investing ?
growing wealth ,taking risks, having strategies
what is 50%
needs
what is an hourly pay rate ?
its the amount of money you get each hour
where do you keep money you save ?
savings account
getting a sweet treat instead of getting something later ?
impulse spending
how can you invest ?
you can put money away into an account/stocks/bonds/index funds
what is 20%
savings
what is net pay ?
after taxes taken from pay, amount of money you take home
what is the opposite of saving?
spending
saving money instead of spending it all at once shows what ?
self controll
using money to buy something like stocks or any big purchase
investing
how can this rule be used in real life ?
helps save and manage money, I can break up my check into 3 different parts
what is gross pay ?
the amount before taxes are taken
what is saving ?
money you can earn and setting money aside for the future
picking a cheaper item that is the same thing
smart shopper
when you help others instead of saving or spending
donating
what is 50% of $2,000?
$1,000
what do you call money thats coins?
change
when plan to spend a certain amount of money or a limit of money you can spend ?
budgeting
when you wait to buy something later
delayed gratification