Budgeting
Groceries and utilities
What are examples of variable expenses?
This form you fill out so your employer knows how much to withhold from your paycheck
What is a W-4?
This component refers to the total amount you are saving towards
What is Measurable?
This is used to record your transactions
What is checking account register?
This savings tool is the most liquid
What is a savings account?
Rent, mortgage, loan payments
What are examples of fixed expenses?
This form your employer sends to you to summarize your deductions and withholdings for the year
What is a W-2?
This component refers to the per period savings you will put away towards your goal
What is Attainable?
Once a month
This savings tool offers the typically highest interest rate
What is a CD?
50% towards fixed expenses
What is the 50-30-20 budget?
This form is used to file an individual tax return
What is form 1040?
This component refers to when the goal will be reached
What is Time?
This type of endorsement allows anyone to cash your check
What is a blank endorsement?
This account usually requires a higher minimum balance to open
What is a CD?
Every penny has a specific purpose
What is the zero based budget?
This is the date that your employer must send you your W-2
What is January 31st?
This type of goal would be achieved in 2 years or less
What is a short-term goal?
This type of endorsement allows you to assign someone else to cash your check
What is a special endorsement?
This type of account offers high interest savings with limited check writing abilities
What is a money market account?
Annually
How often should check your net worth?
This term refers to the amount of money used to determine your tax liability
What is Adjusted Gross Income?
This type of goal is achieved in 5 years or less
What is a medium-term goal?
This type of endorsement only allows the check to be deposited into a specific account
What is a restrictive endorsement?
This type of account is considered best for emergency savings
What is a Money Market Account?