BUDGETING
1. CONTROL SPENDING
2. MANAGE YOUR DEBT
3. SAVE FOR YOUR FUTURE
WHAT ARE 3 BUDGETING STRATEGIES?
THE FIRST STEP ON YOUR ACTION PLAN
WHAT IS GET YOUR HOUSE IN ORDER?
THE POSITION IN WHICH YOU SHOULD PAY YOURSELF
WHAT IS FIRST?
SPECIFIC, MEASURABLE, ATTAINABLE, RELEVANT, TIME-BOUND
WHAT IS THE MEANING OF S.M.A.R.T.?
FINANCIAL EDUCATION, INCOME AND CAREER STRATEGY, REAL ESTATE AND OWNERSHIP, INVESTING AND EQUITY, LEGAL STRUCTURE AND PROTECTION
WHAT ARE THE FIVE FOUNDATIONS GENERATIONAL WEALTH IS BUILT ON
WHEN SHOULD YOU START SAVING
WHAT IS AS SOON AS POSSIBLE?
TOTAL NET INCOME MINUS TOTAL MONTHLY EXPENSES
WHAT IS DISPOSABLE INCOME?
THE ASSETS, FINANCIAL KNOWLEDGE, AND RESOURCES PASSED DOWN FROM ONE GENERATION TO THE NEXT WITHIN A FAMILY OR COMMUNITY
WHAT IS GENERATIONAL WEALTH?
THE PURPOSE OF AN EMERGENCY FUND
WHAT IS HAVING FUNDS AVAILABLE FOR UNPLANNED EMERGENCIES?