Tax Forms and Dates
What form is given to employees?
W2
In the 50/30/20 budgeting style, what category does the 30% represent?
Wants
What is a stock?
Partial ownership of a company
What form is given to non-employees (Self employed/contractors/etc.)
1099-misc
In the 50/30/20 budgeting style, what category does the 20% represent?
Give an example of a company you can buy stocks from?
Ex: Apple, Walmart, Target, Sony, Microsoft
What date do employers need to give a tax form to their employees by?
January 31
In the conscious spending plan, what percent of your money is allocated to fixed costs?
50% - 60%
This type of investment bundle holds many stocks and trades like a single stock on the market.
ETF
When do your taxes need to be filed by?
April 15th
In the conscious spending plan, what percent of your money is allocated to miscellaneous expenses?
15%
This investing strategy involves putting the same amount of money into an investment at regular intervals, no matter the price.
Dollar Cost Averaging
What form is filed when you do your taxes?
1040
In the conscious spending plan, what percent of your money is allocated to Guilt Free Spending?
20% - 35%
This investing strategy involves waiting until a stock's price drops to invest a large amount of money.
Lump Sum Investing