All About the Numbers
Using the 50/30/20 methods 50% represents these.
What is the % you should budget for your needs?
To reduce your cost of transportation you could do this? More than one answer is acceptable
What is carpool?
What is bike to work/etc?
What is walk?
What is live close to where you work?
Spending more than your net pay is called this. (hints starts with a D)
What is a deficit?
An agreement that includes details about rent, apartment policies, vacating, etc.
What is a lease?
A way to save money and keep track of your spending
What is have a budget?
Using the 50/30/20 methods 30% represents this?
What is the percentage you should budget for are your wants?
A 32 oz box of cereal for $5.00 has this unit price per ounce
What is .156 (.16) cents?
If your net pay is $2500 and your expenses are $2600 this is your deficit.
What is $100?
Items you need when signing a lease for an apartment. Multiple acceptable answers.
What is proof of employment?
What is proof of id?
What is a security deposit?
What are first and last months rent?
Strategies for saving money on groceries
What is make a list?
What is check unit prices?
What is meal plan around things you have and/or things that are on sale?
Using the 50/30/20 rule 20% represents this.
What is the percentage you should budget for your savings?
Isaiah has a summer internship at a technology company and is paid $3,000. After Federal and state taxes, Social Security, and Medicare are deducted, his take-home pay is $2,500. $3,000 is referred to as this.
What is his Gross Pay?
An expense that changes from month to month like your electricity or gas is called this type of expense.
What is variable?
Having roommate will cut down on these costs. Multiple answers are acceptable
What is rent?
What are utilities?
An app you can use to help you budget. Multiple answers are accepted.
What is YNAB?
What is Goodbudget?
What is Everydollar?
What is Pocketgaurd?
What is Honeydue?
This type of budget methods means that every dollar has a job and is allotted to a category. (hint the category is All About the Numbers)
What is Zero based budgeting?
Isaiah has a summer internship at a technology company and is paid $3,000. After Federal and state taxes, Social Security, and Medicare are deducted, his take-home pay is $2,500. $2,500 represents Isaiah's what?
What is his net pay?
An expense that stays the same each month like your car payment or rent is the type of expense.
What is fixed?
The smallest amount an employer can pay you for an hourly rate? (not the amount the terminology)
What is minimum wage?
A loan for a house
What is a mortgage?
You earn a salary of $40000 and you put away 20% into your savings each year. If your goal is 16,000 it would take this long.
What is 2 years?
Having money left over after you have budgeted for everything. (hint starts with an s)
What is a surplus?
Setting aside a fraction of your paycheck into a savings account before you start spending is this type of budgeting
What is pay yourself first?
Costs you should factor in when calculating the cost of owning a car other than the cost/monthly payment for the car? Multiple answers are accepted
What is the cost of gas?
What are maintenance costs?
What are insurance costs?
What is licensing/registration?
What is the cost for inspections (in PA)?
Someone who owns their own business has this type of income
Someone who gets a salary has this type of income
What is variable income?
What is fixed income?