Budgets
The best budget % plan: Needs, Wants, Save/Retire
50, 30, 20
Companies use the to "trap" you in their website
Dark Patterns
1 of the 2 markets our teams could buy stocks from?
NYSE or NASDAQ
You should base your budget on your ___ income?
Net
You file for this when you don't have enough money to pay your bills.
bankruptcy
What should you cut FIRST if you don't have enough money in your budget?
Flexible Variable Expense
A small "push" by a company to get you to buy something. Example -- "only 2 left in stock"
nudge
The author, Beth Kobliner, says to only invest in what?
funds
You will be paid ____ for overtime hours if you are an hourly employee
1.5
A savings plan for retirement
401K
IRA
What type of expenses are groceries and utilities?
Variable Expenses
A permanent record of your online history
cyberfootprint
You should have this much saved for emergencies before you ever start investing
3 to 6 months
Your net pay will be approximately ___% of your gross pay.
80%
Why do you need to save for retirement early?
SS and Medicare will not be enough
A reason why NEEDS are difficult to keep below 50% in today's world
Inflation
Expensive Housing
An illegal act that tricks you into buying something or giving out your personal info
scam
A fund that contains different pre-selected stocks in it
Index Fund
Name the 4 taxes always taken out of your paycheck.
SS & Medicare
State & Federal
How could the government solve the Social Security and Medicare crisis?
privatize (citizens save in 401k or IRA)
raise taxes
raise retirement age
cut benefits
The highest your debt-to-income ratio should be
36%
FTC
Federal Trade Commission
The government agency that oversees the Stock Market. Hint: ___ ___ ___
SEC
Securities Exchange Commission
Benefit example: company picnic, personal days, free lunch Friday
Fringe Benefits
A debt that you CAN NOT write off with bankruptcy
child support
back taxes
student loans