Management
How much should you spend for each your needs and wants?
50% for needs
20% for wants
Which of these should you never do:
True or false: When staring a business you should only consider your hobbies/what you enjoy
False - You also need to consider your strengths
How should you be spending your money?
By budgeting and allocating a specific amount of money you will not spend more than
What is budgeting?
a guide that keeps you on the path to reach your financial goals
What type of income is starting a business?
Active, self employed
Why should you be saving money?
For emergencies and to prevent them
How do you track your spending?
By writing down your spendings and keeping receipts.
What is passive income?
Money earned with minimal effort/activity involvement once the initial work is done.
with 2,550 pesos income how much should you spend, save and invest?
Spend 1,785
Save 510
Invest 255
What are 4 things you should never do when handling money?
What 3 apps can be used for freelancing?
Pinterest, Redbubble and etsy
What is investing and how do you do it?
Investing is when you put your money into things like stocks, bonds, or even your own education/skills with the goal of making your money grow over time.
How does investing your money help with your future?
allow your money to "work for you" by increase in value overtime
How do you start a business? (List all the steps)