Personal Budget

• Fixed expense is an expense that will cost you month to month. Such as rent, mortgage, or car payments. While a flexible expense will vary from month to month. Such as gas, phone, and electric bill. Gots to keep yourself warm and connected!
• Compound interest is interest calculated on both the principal and the accrued interest. and Simple interest is interest paid on the principle alone. 
• Saving money is really important  because the earlier you save, the more you save. Also, You can control when you start and how much you save; No one else controls what you save. If you save, you will have money for emergencies.
• Advice: Save as much as you can, it will help you in the future! Trust US!!!
• It's okay to spend money, but not on things you don't need or will not use. Spend on necessities not wants.  
• Link: Lessons I wish Mom had taught me
• Video Link: How to set up a budget
 


 Sources:

1. https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9TuSa6SPGBSCdrgqraKYAWrmbHEJ6M1h7rSILSq9ts_JqwOD05Nvll_MPTwM4E9qxVacB2ZBuLbtwWIVJsxCC1ovYrzBsqxWDvKD3Sp58A7oDOVlfWycrrzaAZbTE90ML1ri1I_XKviA/s1600/ 

     budget-cartoon.JPG. N.p., n.d. Web. 13 May 2013. 

2. http://online.wsj.com/public/page/news-personal-finance.html. N.p., n.d. Web. 13 May 2013. 

3. http://www.ultimoslibros.com/wp-content/uploads/Personal-Budget.jpg. N.p., n.d. Web. 13 May 2013.

4. Economics Notes