ch 1
What is a budget?
Its a plan for how you spend your money.
Murphys law
If it can go wrong it will
What is debt?
Money owed to another person or company
Define impulse buying
Buying anything without planning to do so in advance
Define interest rates
The percentage of principal charged by the lender for use of its money.
What is your income?
Any money earn or received as a gift.
The second reason to save is for ___purchases
large
What is a myth said about college?
You need a student loan to go to college
What is buyers remorse
A feeling of guilt, regret, or uneasiness after making a purchse.
Two measures of wealth :
Income and networth
What is the best kind of budget?
zero-based budget
Saving your money takes what?
Dislipline
You can go to college
debt free
Mobile payment apps track your ____ spending habits
Personal
Being generous means you are ready to give ____ of something that is expected.
More
What is the envelope system?
An envelope where you put your money in categories and track it
An emergency is an ___ expense
Unexpected
Entertaining ads on social media are called what?
Snack videos
spender
When should you do a budget?
Every month
When should you use your emergency fund?
When should you use cash
All THE TIME
What's the main reason why people have trouble being content?
comparison