Income
This type of income is received from rental properties
What is Passive Income?
This type of expense includes hobbies
What are Discretionary Expenses?
Saving for college would be considered this type of saving
What is long term saving?
Budgeting helps track these
What is income and expenses?
A 15% tip on a $100 tab would be this much
What is $15?
This type of income includes commission and tips
What is Earned Income?
This type of expense includes HOA fees
What is periodic expenses?
A 401K is this type of savings account
What is retirement savings?
This is considered the "normal" tip percentage
What is 15-20%?
This number tells banks how likely you are to pay back a loan
What is a credit score?
This type of income includes government benefits
What is Transfer Payments?
A mortgage is considered this type of expense
What is a fixed expense?
Saving for a vacation would be considered this type of saving
What is short term saving?
Needing to pay rent after losing your job would come out of this
What is an emergency fund?
What is the whole balance?
This type of income includes capital gains
What is Portfolio Income?
Groceries are considered this type of expense
What is a variable expense?
This type of investment is slow growing, but is the most reliable.
What is bonds?
This type of account is used to save for college (be specific)
What is an Education Savings Account (ESA)?
This is the average interest on credit cards
What is 18%?
These are the two types of income
What is earned and passive?
A hurricane destroying your house would be considered this type of expense
What is an unexpected expense?
This type of investment is a good way to diversify your portfolio when investing.
What is a mutual fund?
A new video game console is considered this type of expense?
What is a Discretionary Expense?
This is what you will be doing tonight to make sure you are ready for this test
What is studying?