01
Estimating expenses
02
Managing your time in a healthy manner
03
Formulating a budget
01
Rent
02
Life insurance payment
03
Grocery bill
01
To buy a new pair of shoes that went on sale
02
To put money down on a new car
03
To pay for an unforeseen health expense
01
Expenses that are always unexpected
02
Expenses that can change
03
Expenses that never change
01
Interest income, tax refunds
02
Take-home pay, mortgage insurance
03
Rent, renters insurance, transportation costs
01
An ongoing process
02
Something you only have to do once in your lifetime
03
Not an effective way to save money
01
Always save 5% of your income
02
You must decide what you can afford
03
Save $50 from every paycheck
01
Actual
02
Fixed
03
Flexible
01
Showing you how you can earn more income
02
Allowing you to see where you can cut back on spending
03
Giving you the tools to change more fixed expenses to flexible expenses