spending plans
Something every plan needs
What are goals?
The types of spending personalities.
What is savers and spenders?
Anytime you pay off a credit card.
What is building credit?
When to start saving for retirement.
What is as soon as you can?
The age to start investing.
What is as soon as you are able too?
What you spend money on
What are expenses?
Subscriptions, insurance, child support, etc.
What is a fixed expense?
What you never want to be in.
What is debt?
A company funded retirement plan.
What is a 401K?
Investment stocks to stay away from.
What is individual stocks?
Includes a paycheck, financial aid, child support, etc.
What is income?
Gas, bills, groceries, repairs, etc.
What is variable expenses?
Best way to pay back credit card debt.
What is paying more than the minimum payment?
An individual retirement plan.
What is an IRA?
The stocks worth investing in.
What is growth and income funds?
How much should you save each week?
What is 10%?
How often expenses occur
What is yearly, monthly, weekly, etc?
The only thing worth financing.
What is a house?
The amount you should put into retirement each week.
What is any amount?
The length of time to have an investment.
What is until it is needed or the goal it has set is reached?
How much you should spend on rent each month.
What is no more than 20%?
An unplanned for and sudden expense.
What is an emergency expense?
Taking all the assets you have and subtracting what you owe
What is Net Worth?
The age you can withdraw a retirement fund penalty free.
What is 59 and 1/2?
What is losing all the money you put into it?