budgiting money note buy if you in need of help finanace for social studies to help you

Feb 3rd, 2012
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Albany College of Pharmacy
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help you with budgting money for personal finace selling for 30 dollars if you like or need and interested in look and buy thank you alot. try my best

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BudgetingWhat is a Budget? A plan for spendingand saving money Most people thinkbudgets are: Rigid and inflexible Painful who wants toeat Top Ramen everynight! No fun!A budget takes the fun out ofmoney Mason CooleyWhy Budgets Make Sense Budgets help you: Set priorities Achieve whatsimportant to you A good budget is: Realistic Ongoing Clear and easy touseBudget Categories Income Gross Net SavingsEmergenciesLong-TermRetirementShort-Term Expenses Fixed Variable DiscretionaryIncome: Money Earned Gross income: Anindividuals incomebefore taxes. Net income: Incomeafter taxes are paid. Taxes can rangefrom 15% to 31%.Taxes and Deductions First job pays $30,000/year. Your salary is your gross income. Take off at least 25% for taxesand other deductions. Thats whats left for you to spend. Example:Gross salaryMinus 25% taxes and deductionsNet income= $30,000- 7,500$22,500Savings: Pay Yourself First Savings: unspent income Types Emergencies: Plan to setaside three months livingexpenses Long-term: Large ticketitems (house, car, college) Retirement: Its never toearly to start Short-term: Vacation,clothes, new skisPersonal Savings Rate Declining 1974 to 1984 10% 1985-1994 Fell to 4.8% 2004 1.8% 2005 -0.5% 2006 -0.7% Hasn

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