Goal Setting
What does the S in SMART stand for?
What is, Specific.
What are the 3 A's of investing?
What is amount, account, and asset mix.
What is a savings account short answer?
What is a type of bank account designed for saving money that you don't plan to spend right away.
What are the 3 P's of budgeting?
What is Paycheck, Prioritize, and Plan.
What information should be on a paycheck?
What is date of pay period, check number.
What does the M stand for in SMART.
What is measurable.
What are the 4 C's of investing?
What is capacity, craftsmanship, complexity, and contribution.
How much money can I have in a savings account?
What is up to $250,000 per depositor, per account ownership category, per bank.
What are 5 most important things about budget?
What are the five basic steps of payroll?
What is
What does the A stand for in SMART?
What is achievable.
What is the 7% loss rule?
What is to always sell a stock if it falls 7%-8% below what you paid for.
What is the risk of a savings account?
What is the low interest rate you receive will not keep pace with inflation.
What are the 4 A's of budgeting?
What is Allocating your income, Accepting how much you make, Adjusting your budget, and Analyzing your situation.
What is a payroll checklist?
What is timesheet updates. Process employee hours. Calculate gross payment and deductions. Final review and process payroll.
What does the R in SMART stand for?
What is Relevant.
What are 7 types of investments?
What is
What is the purpose of a savings account?
What is to keep money for a later date, separate from everyday spending cash, because it offers safety, liquidity and interest-earning potential for your funds.
What is the 50/20/30 rule?
What is splitting your after-tax income into three categories of spending: 50% goes to needs, 30% goes to wants, and 20% goes to savings.
How do paychecks work?
What is the way an employer pays their employees for the work performed.
What does the T in SMART stand for?
What is Time-bound.
What is the 90% rule in stocks?
What is 90% of novice traders will experience significant losses within their first 90 days of trading, ultimately wiping out 90% of their initial capital.
What are the three types of savings?
What is traditional, money market, and certificate of deposit.
What are 3 priorities in a budget?
What is prioritize needs first, then wants and wishes.
What is payroll process flowchart?
What is illustrate the steps involved in processing payroll, deducting taxes, and issuing employee paychecks.