Budgeting
According to the 50/30/20 budgeting method, the 30 category is used for this.
What are wants?
Distribution of profits by a corporation to its shareholders.
What is a dividend?
The form used by employees to determine the amount of federal income tax withheld from their paycheck.
What is a w-4 form?
The first step to crushing your consumer debt.
What is forgiving yourself?
A list of planned expenses and income.
What is a budget?
Forbes named this person the youngest "self-made billionaire ever" in 2019.
Who is Kylie Jenner?
Using the 50/30/20 budgeting technique, student loan minimum payments would fall under this category.
What are needs?
This refers to using non-numeric information to assess a situation, a company's value, and a product's quality.
What is qualitative analysis?
The flat FICA tax rate that is taken out of your paycheck as an employee.
What is 7.65%?
This particular type of debt is for items that decrease in value but are needed for a larger purpose.
What is neutral debt?
We want to purchase a vehicle as close to this price as possible.
What is a dealer invoice price?
The most viewed video on Youtube.
What is baby shark? (15.8 billion)
An advantage of this budgeting strategy is that it allows you to avoid overdraft charges.
What is the envelope method?
There are __ sectors in the stock market.
What is 11?
The types of taxes that we covered.
What is income tax, sales tax, property tax, corporate tax, and capital gains tax?
This type of debt is when a creditor relies on the debtor's promise to pay back the loan.
What is unsecured debt?
The interest on savings calculated on both the initial principal and the accumulated interest from previous periods.
What is compound interest?
This infamous mobster was arrested and convicted for Tax Evasion during the prohibition.
Who is Al Capone?
This budgeting strategy does not give you categories to follow and could potentially make it hard to control costs.
What is Zero-Based Budgeting?
A type of fund that seeks to track the returns of a market index.
What is an Index fund?
As a self-employed individual, you will receive these forms that report various types of payments you may receive throughout the year.
What are 1099 forms?
This debt repayment strategy requires self-motivation to keep the debt payer plugging away at the plan despite seeing little progress.
What is debt avalanche?
By age 67, you should have at least this amount of money set aside in savings and investments.
What is ten times your current annual salary?
This U.S. fast food chain is credited with introducing the first drive-through window to the masses.
What is In-N-Out Burger?
What is the third step in building a budget?
What is collecting your current income and your actual expenses for 30 days?
A fund that holds a collection of stocks and bonds and is bought and sold like common stock.
What is an exchange-traded fund?
Name three states with sports franchises that do not collect any jock tax.
What is...
Florida, Nevada, Texas, Washington, and Tennessee are the only states with sports franchises that do not collect the Jock Tax.
The first two steps you would perform for the debt avalanche strategy.
What is:
1. Making a debt list.
2. Ranking debts with the highest interest rate to the lowest.
You can spend money on anything you want as long as:
1. The expenses match your financial philosophy
2. You have budgeted for it.
3. You have the funds available to pay for it.
This would be considered Apple's slogan/tagline.
What is "Think Different"?