The Stock Market
Age in which you can start investing in the stock market on your own. (Without a joint account)
18
This is the fixed amount of money you pay each month to live in an apartment.
Rent
Financial experts often recommend saving at least this percentage of your income
20%
This is money you earn from a job, usually paid hourly or as a salary.
Income
This is the process of deciding how to use your money before you actually spend it.
Budgeting
Buying this gives you a share of ownership in a company
Stock
This legal agreement outlines how much you pay, how long you stay, and the rules of your rental.
Lease
Experts recommend having this many months of expenses saved for emergencies
3 to 6
This is the total amount of money you earn before taxes are taken out.
Gross Income
Spending money on things like food, rent, and transportation falls into this category of expenses.
Needs
This type of investment lets you own many companies at once instead of just one, lowering your risk.
Exchange Traded Fund (ETF)
This upfront payment is usually refundable and protects the landlord in case of damage.
Security Deposit
This type of account is commonly used to store money safely while earning a small amount of interest.
Savings account
This is the amount of money you actually receive after taxes and deductions.
Net Income / Take-Home Pay (Amount)
Buying things like new clothes or eating out, even when you don’t need to, falls into this category.
Wants
Someone who invests early and leaves their money in the market for many years benefits most from this concept.
Compound Growth
Electricity, water, and internet are examples of these additional costs that are not always included in rent.
Utilities
Spending money on things you don’t need instead of saving it is often called this type of spending.
Impulse Spending
Earning money outside of a regular job, such as freelancing or selling products, is often called this.
Side Hustle
If you consistently spend more money than you earn, you will likely end up in this financial situation.
Debt
This company is often considered one of the most valuable in the world by total market value.
Apple
Financial experts often recommend spending no more than this percentage of your income on rent.
30%
If you save $10 per week, this is approximately how much you will have saved after one year.
$520
If you earn $15 per hour and work 20 hours per week, this is your approximate weekly gross income.
$300
Spending money based on how you feel in the moment rather than a plan is driven more by this than logic.
Emotion