Budgeting
The rule that splits needs, wants, and savings
What is the 50/30/20 rule?
Insurance, Income, Sales, Property, Consumption
What are the main five taxes?
housing, utility, food, transportation, debt
What are the five main types of bill payments?
Requirement to offer extra hours to current workers before newly hiring.
What is right of first refusual?
The bill comes at the end of the month with the total amount you owe, without taxes
What are housing, utility, car, and subscription payments?
A type of budget used to prevent stress and allow room for unprecedented expenses.
A flexible budget
Tax form that withholds federal income tax
What is a W-4?
The Bill of Rights
What ten amendments protect your autonomy?
Preventing a packed schedule from falling behind
What is Buffer Time?
Using sarcasm, subtle insults, or facial expressions to express anger indirectly
What is passive-aggressive communication?
Incremental budgeting
What is changing the budget to match your needs better over time?
LLC
What is the acronym for Limited Liability Company?
$6000
What is the average, annual bill amount paid by American citizens?
4-3-3-4
What is the four days on, three days off, three days on, and four days off schedule?
A fee charged by banks when you spend more than what you have
What is an overdraft fee?
Check your _____ _____ weekly
Checking account
W-2
What form is used to report income and taxes withheld from paychecks?
The most common types of bills forgotten by taxpayers
What are subscriptions, pet care, maintenance, and gift expenses?
Last minute changes by employer, often necessitate extra pay
What is Premium/Predictability pay?
Where two parties give up something to come to an agreement
What is a compromise?
First rule of thumb
What is paying yourself first (savings/investments)?
The day taxes are due
What is April 15th?
fixed versus variable expenses
What are needs versus wants?
Predictive Scheduling
What is having 14-day notice, clopening restrictions, and good faith estimates?
The psychological phenomenon where you only hear information that confirms your existing beliefs
What is confirmation bias/selective listening?