Budgeting
According to the 50/30/20 budgeting method, the 30 category is used for this.
What are wants?
Distribution of profits by a corporation to its shareholders.
What is a dividend?
Fees that individuals and businesses are required to pay to the government based on their income, property, or consumption.
What are taxes?
The first step to crushing your consumer debt.
What is forgiving yourself?
A list of planned expenses and income.
What is a budget?
Which popular TV show featured house Targaryen and Stark?
What is Game of thrones?
Using the 50/30/20 budgeting technique, student loan minimum payments would fall under this category.
What are needs?
This refers to using non-numeric information to assess a situation, a company's value, and a product's quality.
What is qualitative analysis?
Four basic types of taxes.
What are Income tax, sales tax, property tax, and corporate tax?
This particular type of debt is for items that decrease in value but are needed for a larger purpose.
What is neutral debt?
This price for a vehicle would be contingent on what others are paying in your market.
What is fair purchase price?
The only two certainties in life are ___ and ___!
What is death and taxes?
An advantage of this budgeting strategy is that it allows you to avoid overdraft charges.
What is the envelope method?
There are __ sectors in the stock market.
What is 11?
The flat rate an employee pays for payroll tax, also known as FICA.
What is 7.65%?
This type of debt is when a creditor relies on the debtor's promise to pay back the loan.
What is unsecured debt?
The interest on savings calculated on both the initial principal and the accumulated interest from previous periods.
What is compound interest?
This infamous mobster was arrested and convicted for Tax Evasion during the prohibition.
Who is Al Capone?
This budgeting strategy does not give you categories to follow and could potentially make it hard to control costs.
What is Zero-Based Budgeting?
A type of mutual fund or exchange-traded fund that seeks to track the returns of a market index.
What is an Index fund?
A form filled out by a person's employer at the end of each tax year that shows income and withholdings for the year.
What is a W-2?
This debt repayment strategy requires self-motivation to keep the debt payer plugging away at the plan despite seeing little progress.
What is debt avalanche?
You can spend money on anything you want as long as:
1. The expenses match your financial philosophy
2. You have budgeted for it.
3. You have the funds available to pay for it.
This U.S. fast food chain is credited with introducing the first drive-through window to the masses.
What is In-N-Out Burger?
What is the last step in building a budget?
Categorize your expenses according to your budget technique. Analyze and potentially reallocate the expenses.
A fund that holds a collection of stocks and bonds and is bought and sold like common stock.
Dividends are considered this type of income.
What is unearned income?
The first two steps you would perform for the debt avalanche strategy.
What is:
1. Making a debt list.
2. Ranking debts with the highest interest rate to the lowest.
By age 67, you should have at least this amount of money set aside in savings and investments.
What is ten times your current annual salary?
This would be considered Apple's slogan/tagline.
What is "Think Different"?