Tag: level-5

Level 5 – Quiz Next Question

Level 5 : Lesson 4 – Budget Matching Game Time to test your budgeting skills. Click, hold and drag each term to its correct definition. Good luck! Fixed expenses Variable expenses Emergency fund Pay Yourself First Debt to income Ratio Prioritizes saving and investing by automatically putting 10% of your income away before you pay…

Level 5 : Lesson 3 – Your Checking Account Introduction Feeling lost in the world of checking accounts? Don’t sweat it! Here’s a breakdown of some key terms to turn you into a financial whiz: Money Matters Account Maneuvers Payment Options Bonus Tip: Check out “outstanding checks” and “check hold” to understand pending transactions and…

Level 5 : Lesson 2 – Budget Mastery Zero-Based Budgeting Every dollar has a job! Here, you assign every single cent of your income to a spending or saving category before the month begins, ensuring complete control over your finances. Priority Categories These are the rock stars of your budget! Think housing, food, transportation, savings,…

Level 5 : Lesson 1 – Your Monthly Expenses The “Pay Yourself First” Strategy This strategy prioritizes saving and investing a set portion of your income immediately upon receiving it (usually 10% of your income), before allocating funds for bills or spending. This can be your first expense. This approach flips the traditional budgeting method…