Banking
This is something every spending plan should have.
What are goals?
Examples of this type of expense include mortgage/rent, utilities, rent, and credit card bill.
What are monthly expenses?
This is what credit card companies charge for use their money.
What are interest charges?
When saving money for a longer period of time, but you would still like easy access in case of an emergency, this type of investment typically has better yielding interest rates than a standard savings account.
What is Certificate of Deposit (CD)?
This may include your paycheck, investment income, and/or other income.
What is your source of income?
The best way to reduce your credit card debt.
What is pay more than the minimum payment required?
This is the best way to protect your credit rating.
What is pay your bills on time?
This should be performed monthly to ensure proper record keeping and help protect against identity theft.
What is a log in and change your password?
The term used to describe the things you spend your money on.
What are expenses?
Using these reduce your grocery bill, which is one way to help lower your monthly flexible/variable expenses.
What are coupons?
When possible, it is better to buy a home rather then rent because purchasing real estate is considered an investment. As you pay off your mortgage you build this.
What is equity or wealth?
When paying of debt owed to more than one creditor, the best plan is to begin by paying extra money each month to the creditor with this.
What is the smallest amount owed with the highest interest rate?
The limit of money deposited in a bank that is insured by the FDIC.
What is $250,000.00?
One of two types of expenses.
What are monthly or variable expenses?
Preferably, the only types of purchases that you should take out a loan for are these.
What are large purchases (such as a house or car)?
The best time to begin saving for retirement.
What is As Soon As Possible?
This happens when you write checks for more money than is in your account.
What is an overdraft?
Every spending plan should be this.
50-30-20?
One of the ways (relating to time) that expenses occur.
What is monthly, annually, quarterly, periodically, etc..?
Calculate this by taking the total amount of money and assets you have and subtracting the total amount of money you owe.
What is your Net Worth?
This represents the amount of money left over after all bills have been paid.
What is wants/ fun income?