Budgets
how often should you do a written cash flow plan?
every month
What is the first foundation
Save a $500 Emergency fund
is there such thing as good debt
no
two goals in avoiding student loans
stay in school
stay out of debt
what is opportunity cost?
Money spent in one spot that you can now not spend elsewhere
how much money should you be living on?
Less than you make
What is a sinking fund
it is a way to save when you know you have a large purchase coming up
there is such thing as good debt
false
a four-year degree is necessary regardless of your career path
false
what is buyers remorse
when you wake up the net day and regret your purchase
your monthly budget should include...
saving, giving, and spending
what is an emergency fund
money that can be used if you need a large amount of money unexpectedly. MUST HAVE A GOOD REASON TO USE
define depreciation
the loss of value in something over time due to wear and tear
define FAFSA
Financial Aid for Federal Student Aid
types of product positioning
Brand recognition
color
shelf positioning
packaging
what type of budget is the envelope system
a zero-based budget
What are the three basic reasons to save money
emergency fund, purchases, wealth building
the first step in getting out of debt
quit borrowing more money
ways to get an education debt-free
grants, scholarships, work-study options
define "Caveat emptor"
buyer beware
what is a zero-based budget
knowing where every dollar of your income is going before you even have the money
What are the five foundations
$500 emergency fund
get out of debt
pay cash for your car
pay cash for college
build wealth and give
what is the fastest-growing white-collar crime in America?
Identity Theft
college debt is good debt
false
what effect does inflation have on purchasing power
dollar amount