Weekly Journal Entry #7
Describe one thing you're really good at.
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.