BUDGET PURPOSE
you’re in control of your money, and you don’t have to wonder where it all went.
BUDGET
groceries & utilities
variable expense
always come first in your budget.
giving and saving
this system helps you keep track of your categories with cash
envelope system
we need to make time with ourself to budget
monthly
Money flows two ways
IN AND OUT
rent
what is a fixed expense
when setting goals for your future you need to be
intentional
this percentage of Americans actually budget
35%
summarizes all of your income and expenses over a certain time period.
cash flow statement
shows you what your income is (the money coming in) and what your expenses are (the money going out) for a set period of time.
BUDGET
when it comes to your expenses, break them down into as
many categories as you need
a full emergency fund is savings for how long
3-6 months
most often used in business.
cash flow statement
this system has been around for a long time because it works
envelope system
this many Americans say budgeting is important
95%
these types of categories will help you with your spending habits
what is detailed
when your income minus your expenses equals zero, you know you've accounted for
every dollar
A BUDGET IS A WRITTEN PLAN FOR SPENDING, SAVING & GIVING?
true
a budget gives you permission to spend
true
a budget tells you how you can't spend your money
what is false
when you are out of money from a category
that's it
a zero based budget helps you ? money as far as it will go
what is stretch
give an example of a job with an irregular income
part time, sales, commission jobs
prioritizing your expenses are most important when you have an irregular income