click below
click below
Normal Size Small Size show me how
Urbana-Alt.Spending
Alternative to quizlet
Question | Answer |
---|---|
fixed expense | an expense that stays the same each month |
flexible expense | an expense that changes every month |
periodic expense | an expense that happens only every so often or at the end of a time period |
spending plan | a financial statement used to assist with money management |
gross income | total amount of money earned before taking taxes out |
net income | take home pay or income after taxes are deducted |
major expenditures | savings, housing, transportation, insurance & food |
10% | Amount you should put in savings each pay period |
pay yourself first | rule to help you create savings |
7% | maximum amount spend on insurance |
30% | maximum amount spent on housing |
20% | Maximum amount spent on transportation |
15% | maximum amount spent on Food |