Budgets

Weekly Journal Entry #7

Describe one thing you're really good at.
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After you have finished with the weekly journal entry, please open your excel budget.

Here is a reminder of some key terms I have been using:

Gross Annual Income: How much money you are paid in one year (total).

Gross Monthly Income: How much money you are paid each month (=Gross Annual Income / 12 months).

Net Monthly Income: How much money you have left each month after taxes are taken out. (=Gross Monthly Income - Taxes).

Expenses: Everything you have to pay for in your monthly budget.  All of your expenses get subtracted from your Net Monthly Income.  

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