Personal Finance
The process of tracking income and expenses to ensure you are living within your means.
What is a budget?
This employer-sponsored retirement savings plan that allows employees to contribute a portion of their salary into a personal account.
What is a 401K?
This document is sent to our clients, requesting payment for Gensler services.
What is an invoice?
This recurring monthly payment is made to live in a property you don't own.
What is rent?
According to some historians, the term "buck" for a dollar originated from this material.
What is Buckskin?
This is an account that earns interest and is typically used to store money for future use.
What is a savings account?
This retirement account may be a good option if you expect to be in a higher tax bracket during your retirement years, as you pay taxes now at potentially lower rates and get tax-free withdrawals later when your tax rate might be higher.
What is a Roth IRA?
This Gensler term indicates a project's profitability; the final result can either be favorable or unfavorable.
What is held time?
This type of insurance helps cover medical expense and is often offered through employers.
What is health insurance?
This famous rapper released a song called "Mo Money Mo Problems".
Who is The Notorious B.I.G.?
This is a cash reserve specifically set aside for unplanned expenses.
What is an emergency fund?
This is what allows you to earn returns on your initial investment and the accumulated returns from previous periods.
What is compound interest?
This tool is used to estimate the amount of labor needed over the course of a project, helping project managers allocate resources effectively.
What is a staffing plan?
The highest credit score a person can have.
What is 850?
I just resolved my debt consolidation. Can I go buy a Lambo now that I still can't afford?
What is No?
This refers to the total value of what you own minus what you owe.
What is net worth?
As of 2025, what is the average retirement age for adults in the United States?
What is 62?
This tool is used to estimate how profitable a project will be and to determine how much to invoice our clients on a monthly basis.
What is a revenue plan?
This type of savings account is used to cover medical expenses.
What is an HSA/FSA?
In 2010, the first Bitcoin transaction was made to pay for what.
What is Two Pizzas?
These are established patterns of how you use your money, reflecting your regular purchases and the extent of your consumption
What are spending habits?
This is the recommended percentage to contribute to your retirement plan every paycheck.
What is 15%?
An amount owed that is deemed uncollectible. At Gensler, defined as an invoice that has not been paid after 180 days or more.
What is bad debt?
This framework establishes the ability to distinguish between essential items and desirable preferences.
What are Needs vs. Wants?
This board game was originally called "The Landlords Game" and was designed to teach about economic inequality.
What is Monopoly?