Personal budgeting, expense tracking, cash flow management, emergency funds, and savings strategies.
Master budgeting & cash management with our progressive approach
Foundation terms you need to know first (37 terms)
A tax refund is a reimbursement to taxpayers of excess tax paid to the government. For real estate investors, it represents a potential source of capital for new investments or property improvements.
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.
Liabilities are financial obligations or debts that an individual or business owes to others, representing money that must be paid back in the future.
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.
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.
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.
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.
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.
The Cost of Living refers to the amount of money needed to cover basic expenses like housing, food, taxes, and healthcare in a certain place and time, impacting real estate investment decisions.
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.
Financial discipline is the practice of managing your money responsibly and consistently adhering to a financial plan to achieve your investment and personal financial goals.
Financial education is the process of learning how to understand and effectively manage personal finance concepts like budgeting, saving, investing, and debt to make informed financial decisions.
Explore complementary areas that build on budgeting & cash management concepts
Credit scores, debt consolidation, loan management, credit repair, and debt payoff strategies.
Macroeconomic concepts, interest rates, inflation, Federal Reserve policy, and economic cycles.
Wills, trusts, estate taxes, succession planning, beneficiary planning, and wealth preservation.
Key financial calculations, ratios, and valuation methods used to analyze real estate investments and performance.