Income
how a person makes an income
what is working?
fixed expenses are...
what are expenses that do NOT change?
a popular way to budget
what is zero-based budgeting and/or paying yourself first?
something a savings goal can be used for
what are expensive wants (car, travel, fun, etc.)?
different types of expenses
what are fixed and variable expenses?
the most stable form of income
what is full-time employment/job?
variable expense are...
what are expenses that DO change?
the connection between a person and their spendings
what is impulse buying, retail therapy, and/or social-pressure spending?
an efficient way to avoid debt
what is an emergency fund?
a way to spend savings (20% of income)
something that can result in either gain or loss for a financial organization
what is interest?
the main thing expenses should be used on
what are lifetime necessities
budgeting tools
what are spreadsheets/dedicated apps/official worksheets?
a stable way to save money
what is creating the habit of putting money into savings immediately?
a good way to track expenses (in general)
what is recording/categorizing expenses?
a form of income for unemployed teens
what are community needs and/or side hustles?
how can fixed expenses be used in high school?
what is a car loan and/or phone bill?
what is the 50/30/20 rule?
what is 50% of an income going to fixed expenses, 30% of an income going to wants, and 20% of an income going into savings?
a way to invest
what are stocks and bonds?
how to manage expenses in percentages
what is the 50/30/20 rule?
3-digit number that predicts how likely a person is to complete a payment
what is a credit score?
the most important type of expense (fixed or variable)
what are fixed expenses?
creating a budget
what is calculating income, listing expenses, subtracting expenses from income, and tracking and adjusting?
a way to save money for college tuition
what is the 529 college savings plan and/or coverdell ESAs?
what are ways to save money for college?