Budget Basics--Moseley

Wages or salary from a job

• Sources of income not from work

• Credit

• Sources of income from work

• Budget

Government assistance for the economically disadvantaged; retirement benefits; spousal support following a divorce or legal separation; and earnings from stock dividends or other financial investments

• Sources of income from work

• Budget

• Credit

• Sources of income not from work

The more education a person has, the longer they stay in school...

• The more likely they are to get approved for a loan

• The more likely they are to keep a budget

• The higher their income will be

• The more they will be in debt

Based on the amount of education they have and the skills that they can offer

• Some people will have more debt

• Some people will earn more than others

• People will apply for credit

• People will create a budget

Borrowing money that you must then repay with interest

• Income

• Credit

• Saving

• Investing

Income a person receives is

• Limited

• Unlimited

• Not taxable

• Based on credit score

Plans that people can use to make wise decisions about how much of their income to spend and how much to save

• Saving

• Income

• Credit

• Budget

Planning for future largescale expenses so that the buyer can avoid taking out loans or using credit and paying high interest charges.

• Credit

• Saving

• Income

• Spending

Unexpected home repairs, car repairs, or emergency dental or medical events

• Income

• Sources of income not from work

• Emergency situations

• Credit

What is buying now and paying later?

• Investing

• Saving

• Income

• Credit