what’s it called when you make money on the percentage of the total sales you make?
commission
What’s your biggest wealth-building tool?
income
when you’re creating your monthly budget, what’s the first priority under “Expenses”?
giving
If you approach money with a generous spirit, you’ll be:
more grateful
what will tracking expenses help you do?
stick to a budget, catch errors, and make adjustments
irregular income
income that comes in at different amounts or at different times, or both
commission
earnings based on a percentage of the sales made
cash-flow statement
a record that summarizes all of the income and outgo (spending) over a certain time period
net income
what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay
gross income
the amount you earn before taxes and other payroll deductions
zero-based budget
a cash-flow plan that assigns an expense to every dollar of your income; the goal is for the total income minus the total expenses to equal zero
discretionary expense
expense for things you don’t need
fixed expense
expense that remains the same