Spending Pie Chart
What percentage is suggested for housing costs?
What is 35%
What is the time period for a mid-term goal?
What is 1 - 5 years
What percentage is suggested for transportation?
What is 15 - 20%
What is the name of monthly expenses that stay the same month after month?
What is a fixed expense?
What percentage is suggested for food?
What is 10 - 20%
What is the one of the actions you need to take when developing a financial plan?
What is one of the following:
•Review your credit reports
•Track spending
•Build an emergency fund
•Create or revise budget
•Review insurance policies
•Healthcare
•Life
•Automobile/Personal property
•Review retirement accounts and other investment accounts
•Review tax withholdings
What percentage is suggested for saving?
What is 5 - 10%
What is the third step in the financial planning process?
What is determine what actions to take, like budgeting, spending and tracking?
What percentage is suggested for personal/discretionary?
What is 5 - 10%
What does SMART stand for?
What is Specific, Measurable, Achievable, Realistic, Time-Bound