Personal budgeting, expense tracking, cash flow management, emergency funds, and savings strategies.
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Foundation terms you need to know first (33 terms)
Business finances involve the management of all money-related activities within a company, including income, expenses, profit, and cash flow, crucial for understanding investment performance.
Consumer debt is money owed by individuals for personal goods and services, such as credit card balances, auto loans, and student loans, which directly impacts an investor's financial health and borrowing capacity for real estate.
Liabilities are financial obligations or debts that an individual or business owes to others, representing money that must be paid back in the future.
The percentage of your disposable income that you save rather than spend, a key metric for personal finance and crucial for building capital for real estate investments.
The total amount of money an individual or household has left after all income and expenses are accounted for over a specific period, indicating financial health and capacity for savings or investment.
Complex strategies and professional concepts (1 terms)
Automated savings is a financial strategy that involves regularly transferring a set amount of money from one account to another without manual intervention, helping investors consistently build capital for real estate goals.
Bookkeeping is the systematic recording of all financial transactions related to your real estate investments, including income, expenses, assets, and liabilities, to maintain a clear financial record.
Budget variance is the quantitative difference between a budgeted financial amount and the actual amount incurred or received. It's a key metric for real estate investors to evaluate performance against financial plans and identify areas for improvement.
A dedicated financial account used exclusively for business-related transactions, separate from personal finances, crucial for legal compliance and clear financial tracking in real estate investing.
A financial tool for businesses to manage expenses, separate personal and business finances, and build business credit history.
Business finances involve the management of all money-related activities within a company, including income, expenses, profit, and cash flow, crucial for understanding investment performance.
A cash reserve is a dedicated fund for real estate investors to cover unexpected property expenses, vacancies, and major repairs, ensuring financial stability and protecting investment cash flow.
Cash reserves are readily available funds held by a real estate investor to cover unexpected property expenses, operational shortfalls, or periods of vacancy, ensuring financial stability and risk mitigation.
Consumer debt is money owed by individuals for personal goods and services, such as credit card balances, auto loans, and student loans, which directly impacts an investor's financial health and borrowing capacity for real estate.
A contingency fund in real estate is a dedicated reserve of money set aside to cover unforeseen property-related expenses, major repairs, or periods of income loss, safeguarding an investment from unexpected financial shocks.
The amount of money an individual or household has left to spend or save after paying income taxes. It's a key indicator of financial health and purchasing power.
A readily accessible pool of money set aside to cover unexpected financial challenges, crucial for both personal and real estate investment stability.
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Key financial calculations, ratios, and valuation methods used to analyze real estate investments and performance.