💵 Budgeting
A plan for how you spend and save money.
What is a budget?
A document listing your skills and experience.
What is a résumé?
Money you take home after deductions.
What is net pay?
Goals achieved in less than 1 year.
What are short-term goals?
Ownership in a company.
What is a stock?
These expenses stay the same each month like rent or car payments.
What are fixed expenses?
A letter that introduces you to an employer.
What is a cover letter?
Total earnings before taxes.
What is gross pay?
Goals that take 2–5 years.
What are intermediate goals?
A loan to a company or government.
What is a bond?
Money set aside for emergencies like car repairs.
What is an emergency fund?
A key workplace skill involving working well with others.
What is teamwork?
Form that determines how much tax is taken from your paycheck.
What is a W-4?
Goals like retirement or buying a house.
What are long-term goals?
Spreading investments to reduce risk.
What is diversification?
Expenses like food and entertainment that change each month.
What are variable expenses?
This helps you get job experience before full-time work.
What are internships / volunteering?
End-of-year form showing earnings and taxes paid.
What is a W-2?
Giving up something else when making a choice.What is opportunity cost?
What is opportunity cost?
Measure of how volatile a stock is compared to the market.
What is beta?
Choosing long-term benefits over short-term spending shows this kind of behavior.
What is financial responsibility?
Talking with professionals to build job connections.
What is networking?
Money taken out of your paycheck to pay taxes.
What is tax withholding?
A long-term financial success usually starts with this.
What is financial planning?
Profit paid to shareholders.
What is a dividend?