Benefits of Budgeting
The percentage of personal finance that is behavior
What is 80%?
The expense that remains the same from month to month
A cash-flow plan that assigns an expense to every dollar of your income; the goal is for the total income minus the total expense to equal zero
What is a Zerp-Based Budget?
An income that comes in at different amounts or at different times, or both
What is Irregular Income?
People who need to be convinced that budgeting is a good thing
What is a Spender?
The percentage of Americans who Budget
What is 35%?
An expense that occurs at various times throughout the year and tends to be in large, lump sums
What is an Intermittent 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?
The earnings based on a percentage of the sales made
What is commission?
People who like the idea of budgeting
What is a saver?
The plan for how you spend your money
What is a budget?
An expense that varies in dollar amount from month to month but that you can expect to have every month.
What is Variable Expense/
The amount you earn before taxes and other payroll deductions
What is a Gross Income?
The number of Americans who are self-employed
What is 15 Million Americans?
The Percentage of couples in a great marriage that discuss their personal finances together
What is 94%?
The percentage of personal finance that is head knowledge
What is 20%
An expense for things you don't need
What is a Discretionary (Non-essential) expense?
A record that summarizes all of the income and outgo (spending) over a certain time period
What is a Cash-Flow Statement?
The power of a monthly budget
What is controlling how much money you earn?
Leading cause of divorce in America
What is Money fights?
The biggest wealth-building tool.
What is your income?
The first priority in your budget
What is Giving?
The hardest part of tracking expenses
What is getting into the habit?
A habit you have to work at
What is a budget?