lessons 2.1 & 2.2
The percentage of Americans who make and use a budget
what is 35%
The best kind of budget
what is a zero-based budget
a record that summarizes all of the income and outgo (spending) over a certain time period
what is a cash flow statement
income that comes in at different amounts or at different times, or both
what is irregular income
the time both spouses decide together how they will give, save, and spend their money
what is a Budget Committee Meeting
a written plan for giving, saving, and spending
what is a budget
when the goal of your budget is for your income minus your expenses to equal zero
what is a zero-based budget
using cash for categories you tend to overspend on
what is the envelope budgeting system
earnings based on a percentage of the sales made
what is commission
the leading cause of divorce in America
what is money fights
fixed, variable, intermittent, and discretionary are labels for
what is the 4 kinds of expenses
give every dollar a job to either be given, spent, or saved
what is the point of a budget
moving money between budget categories
what is what you should do when you overspend in a budget category
the percentage of annual income that the average American household spends
what is more than 90%
percentage of couples in "great" marriages that discuss their finances
what is 94%
income, giving, saving, and spending
what is the parts of a budget
what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay
what is net income
A way to digitally log each transaction in your budget categories
what is a budgeting app
when budgeting with irregular income you should
what is prioritize your important expenses then see what is left over for other things
what you should do when approaching money in a marriage
what is approach it as a team
The percentage of your income that should be allocated to giving
what is 10%
the amount you earn before taxes and other payroll deductions
what is gross income
the percentage of millionaires that stick to their budgets
what is 93%
when you don't have enough money from irregular income for all of your necessary categories you should
what is find odd jobs, ask for more work hours, find a side hustle
the money personalities in the typical marriage
what is one saver and one spender (this is not always the case)