Budget Review

To be achieved in 1-2 years

• short term goal

• medium term goal

• long term goal

To be achieved in 5 or more years

• short term goal

• medium term goal

• long term goal

To be achieved in 2-5 years

• short term goal

• medium term goal

• long term goal

Costs you are obligated to pay at specific times and specific amounts.

• Fixed

• Variable

Costs that change in amount and type based on choices you make.

• Fixed

• Variable

Amounts of money owed to others.

• Liabilities

• Assets

• Net worth

• disposable income

Items of value a person owns

• Liabilities

• Assets

• Net worth

• disposable income

Your assets minus your liabilities

• Liabilities

• Assets

• Net worth

• disposable income

Money you have left to spend or save after taxes have been paid

• Liabilities

• Assets

• Net worth

• disposable income

Spending and saving plan based on your expected income and expenses

• Budget

• Financial Plan

• Pay yourself first