Managing Debt
A financial plan that takes income and expenses into account and provides estimates for how much you make and spend over a given period of time
What is a budget?
Specific, measurable, achievable, realistic and timely
What is a goal?
Money in your bank accounts
Value of your investment accounts
Your car
What is your assests?
A rainy day account is known as.
What is an emergency fund?
Hoarder vs Spender
What is a money personality?
25-35% of take home pay
What is Mortgage or Rent?
Track your spending know what’s coming in and out; use cash
What helps balance your budget?
3 to 6 months of expenses
What's recommended emergency fund should cover?
Increase income, Cut expenses, Prioritize, Reduce, Eliminate
What is deficit strategies?
18-23% of take home pay
What is Food?
Evaluate current financial situation
What is taking stock?
A snapshot of an individual's financial health, at one particular point in time. It is a summary of what is owned (assets) less what is owed to others (liabilities)..
What is networth?
Have a plan for the money, Save for emergencies, Save for goals, treat yourself
What is surplus strategies?
Make yourself aware of your spending.
What is control your spending?
Where to go for financial counseling
What is GreenPath Financial Wellness?
Paying cash saved $430.
What is can wait?