SAVINGS | TREAT YO'SELF | APPS AND QUICK FACTS | Budgeting Basics |
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Loss of job, car accident, health issues
Why might you need savings?
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What is food
College students spend most of their discretionary income on what?
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What is Mint
Intuit, the same company that made TurboTax, owns this budgeting app that also checks your credit score and track goals.
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What is fixed expense
What are expenses that don't change each month called?
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What is create an emergency fund
Should you pay off student loans first or create an emergency fund first?
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What is 40%
About what percent of the average American's food budget is spent eating out?
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What is Housing
What is the biggest portion of spending in the average American's budget?
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What is Rent, bus pass, insurance.
What are some examples of fixed expenses?
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What is a money market account
This savings account is also like a checking account, and offers double the interest of a savings account, but with a higher minimum deposit.
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What is $50
The average college student spends how much a month on beer alone?
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What is 1/3
What fraction of Americans keep a formal budget?
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What is utilities, phone bill, groceries, entertainment
What are some examples of variable expenses?
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What is 20%
About what percent of households do not have an emergency fund?
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What is Eating out, vacationing, beauty products
What are the top 3 things almost every student spends on each year?
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What is $105
What is the average monthly utility bill in NJ?
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What is the 50/30/20 rule
This rule suggests you spend 50% of your income on needs, 30% on wants, and 20% for savings.
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What is 0.25% - 1.00
What's the average interest rate you can earn on savings accounts?
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Put a monthly amount into a "travel" category in your budget until you reach your goal.
How should you budget for a vacation?
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What is You Need A Budget
This site costs $6.99/mo but boasts extensive features including alerts, online courses on money management, and a large Reddit following.
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What is a periodic expense
Expenses which occur on an irregular basis, like an oil change, or a quarterly payment.
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