RCSC 150B2 Lecture 10: Budgeting
21 Sep 2016
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Fv = 10,000 i = intrest rate m = 12 t = 2. 1st year - scare the hell out of you - want you 100% in classroom. Bar- 3 day exam envelope is really skinny you passed really fat you failed. 2,2050 hours per year - 2 week vacay. 80-100 hours per week - you have no life. Treat payments into savings and investment accounts as if they were bills that you would never skip. Saving and investments can be automatically transferred out of your paycheck or checking account. Break down savings goals into monthly, weekly and daily amounts. To save ,000 a year you only have to save . 74/day. Record your income and when you receive it. List all your xed expenses and when they are due (rent, utilities, phone, insurance) List your variable monthly expenses (gas, groceries, entertainment, dining out) At least 6 month of expenses in a emergency fund.
