Budgeting
What is a budget?
A Plan to how to spend your money!!!!!
what is it called when you put money into something with the hope of making more money?
Investing
What is the money left over after you subtract cost from revenue?
Profit
How do you save?
50/30/20 rule
What is the expenses rule?
50/30/20
50:Needs
30:Wants
20:Savings
What is the term for money you receive from a job?
Income
What is a share of ownership in a company called?
Stalk
What is the money a business makes from selling from selling its good or services called?
Revenue
What type of bank account typically offers a higher interest rate than a checking account and is design for saving money?
Savings account
What is a variable expenses?
Costs that change from month to month, like groceries, utilities, or gas.
What is the budgeting strategy where you list all your income and expenses to see where your money is going?
Tracking expenses or E-statements.
What is a collection of investments like stocks and bonds called?
Portfolio
What is the term for the expenses a business has (rent,salary,and materials)?
Cost or Expenses
What is the term for the percentages of your savings that the bank pays you for keeping your money with them?
Interest rates.
What are needs?
The cost of goods and services that are essential for survival, like housing, food, and healthcare.
What type of expenses remains the same amount each month (rent,car payment,..etc)?
Fixed Expenses
What is the term for the percentage of your investment that you earned over a period of time?
Return on investments
What is the profit margin if a company has revenue of 100,000$ and cost of 70,000$?
Profit = Revenue - Cost
Profit Margin=30%
Profit Margin = (Profit/revenue) x100
What is a specific financial goal you might save your money for, such as a down payment on a house or a vacation?
Savings goal.
What are fixed expenses?
Costs that remain the same each month, such as rent or a loan payment.
What is the term for putting money aside regularly to reach a long-term financial goal?
Saving
What is the strategy of spreading your investments across different types of assets to reduce risk?
Diversification
What is the term for profit calculated before subtracting interest and taxes?
Earnings before interest in taxes (EBIT)
What is a type of retirement savings account that offers tax advantages, often sponsored by an employer?
401(k)
What is a want that leads to bad debt?
When you use a credit card to buy something you cannot afford, resulting in high interest charges.