The Benefits of Budgeting (2.1)
A written plan for giving, saving, and spending.
What is a Budget?
Includes everything else you spend money on, like bills, food, gas, and more.
What is Spending?
A cash-flow plan that assigns an expense to every dollar of your income; the goal is for the total income minus the total expenses to equal zero.
What is a Zero-Based Budget?
Income that comes in at different amounts or at different times, or both.
What is Irregular Income?
Will help you reach your money goals.
What is Budgeting?
Money flows two ways...
What is In and Out?
Money received for work, as a gift, or through investments.
What is Income?
Save a $500 emergency fund.
What is The First Foundation?
Creating your budget is just the first half of...
What is a Successful Budgeting?
Usually really like the idea of budgeting.
What is Savers?
What is Budgeting is Important?
The first priority in your budget.
What is Giving?
Pay cash for your car.
What is The Third Foundation?
A record that summarizes all of the income and outgo (spending) over a certain time period.
What is a Cash-Flow Statement?
Money fights are leading cause of....in America.
What is Divorce?
A .... budget also breaks down your income.
What is Good?
Expense that remains the same from month to month.
What is a Fixed Variable?
The amount you earn before taxes and other payroll deductions.
What is a Gross Income?
Earnings based on a percentage of the sales made.
What is Commission?
If we don't plan ahead, we will never....
What is to Get Ahead?
Only ....% of Americans budget
What is 35%?
Expense for things you don't need.
What is a Discretionary Expense?
What a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay.
What is a Net Income?
Is the ability to delay gratification.
What is Maturity?
On the other hand, need some convincing that budgeting is a good thing.
What is Spenders?