Spending Plan
The 3 Buckets of a Spending Plan
Values, Needs , Goals
Banks and Credit Unions
Profits and Non Profits
APR
Annual Percentage Rate
What is Saving
Not Spending
A loan to buy real estate
Mortgage
The 3 Values of a Spending Plan.
Security, Stability, Freedom
Something you can stop, start or change at any time.
Flexible Income.
When you don't maintain good credit you can have an Higher.
Interest Rate
Two main types of Bank accounts
Checking and Savings
An amount of money owed.
Debt
Personal, Educational, Social, Financial and Recreational.
Goal
Investment that is set at a particular price.
Fixed Income
Managing Money You Must Stay Within...
Budget
Money moved in and out your account
Transaction
What should a balance never be.
Negative
Having a 9am-5pm job with a 401k plan.
Stability
FDIC
Federal Deposit Insurance Corporation
Establishing Good Credit you must.
Pay your bills on time
When having a Bank Account you must review each month.
Bank Statement
An agreement by which a student borrows money
Student Loan
Rent, Food and Car along with a monthly estimated amount.
Need
Making an outline of income of what we plan to spend and what we need to spend
Budgeting Process
Knowing How Much Money To Spend.
Money Management.
How many sections is it to writing a check.
Payment for work.
Salary