Setting Saving Goals Module

0.0(0)
studied byStudied by 0 people
linked notesView linked note
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/5

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

6 Terms

1
New cards

What are Short-term goals

Goals or achievements that can be completed in less than a year.

2
New cards

What are Long-term goals

Goals or achievements that take more than a year to complete.

3
New cards

What is Net income

Income that you take home after deductions.

4
New cards

What is Gross income

Total income earned before tax deductions.

5
New cards

What is a realistically saving in budgeting?

Saving money in a practical and achievable manner.

6
New cards

What does the 8% rule apply with budgeting?

Ensuring that your net income is at least 8% higher than your total payments.