2.3
you need a
what is a budget
money received for work, as a gift, or through investments
what is Income
a record that summarizes all of the income and outgo (spending) over a certain time period
what is Cash-Flow Statement
what does your budget show
what is your income
what is the first priority in your budget
what is giving
what is the best budget
what is a zero-based budget
expense that remains the same from month to month
what is Fixed Expense
income that comes in at different amounts or at different times, or both
what is Irregular Income
whats the first foundation
what is save $500
Spending includes everything else you what
what is spending your money on
what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay
what is Net Income
expense that varies in dollar amount from month to month but that you can expect to have every month
what is Variable Expense
earnings based on a percentage of the sales made
what is Commission
you are either a what or what
what is spender or saver
To keep your budget on track, you’ll need to break your budget down even further into
what is separate categories.
the amount you earn before taxes and other payroll deductions
what is Gross Income
expense that occurs at various times throughout the year and tends to be in large, lump sums
what is Intermittent Expense
Budgeting isn’t a what activity
what is a set it and forget it
you should ___to others
what is give
what are the 5 foundations
what are Saving an emergency fund, paying cash for a car, and paying cash for college are doable goals.
You can start making real progress today on
what is The Five Foundations
expense for things you don’t need
what is Discretionary (Nonessential) Expense
What Is a Budget?
what is how you spend your money.
Your income is any money you...
earn or receive as a gift
you should budget how much for your gross-income?
what is 15%