CalABLE
Budgeting Methods
Bank Accounts
100

Something you can buy using your CalABLE account

Education, Housing, Transportation, Job Training

100

This category of spending would include items such as designer clothes, eating out, candy, and trips to the movie theater 

Wants

100

This type of account is used for everyday spending

Checkings Account

200

How much you can save in your CalABLE account

$100,000

200

This method involves splitting your money into 3 distinct percentages that correspond to Wants, Needs, and Savings.

50/30/20

200

A bank account can help you avoid this kind of fee with your check on payday

Check Cashing Fee

300
A CalABLE account is primarily this type of account

Savings Account

300

Rent, Car Payments, and Insurance costs are all this kind of expense

Fixed

300

This type of authentication is required to open a bank account

ID and Social Security Card

400

Age you have to be diagnosed by to receive CalABLE

46

400

This budgeting method has you put away money into categories for specific purposes each month

Envelope Method

400

The acronym for the amount of money a savings account increases in annually

APY