Budgeting

Telling your money what to do, not wondering where it went is . . .

• a budget

• gross income

• assertive financing

• cash surplus

Costs that do not change from month to month, you are obligated to pay them regardless of income variation

• variable expenses

• fixed expenses

• disposable income

• wealth

Items of value that a person owns

• bartering

• liabilities

• assets

• net worth

Costs that vary in the amount and type, depending on the choices you make

• assets

• liabilities

• fixed expenses

• variable expenses

The money you have left to spend or save after taxes and other deductions(required and optional) are taken.

• budget deficit

• disposable income

• savings

• liability

NSF stands for

• non satisfactory financing

• not saving fully

• non sufficient funds

• non surplus funds

Your budget should be as detailed as ____________

• an infomercial for flex seal

• blueprints for a house

• a netflix documentary

• instructions for a bookshelf at IKEA

Assets - Liabilities =

• Net Worth

• Share

• insolvent

• personal inventory

Highly effective people are ___________, they happen to things, everything doesn’t happen to them.

• reactive

• sedentary

• proactive

• inactive

How many attempts will it take to create a monthly budget before you start to even have a clue?

• 1 month

• 3 months

• 3 years

• 2 months