BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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W-4 form from the previous year
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W-2 statement from the previous year
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Pay stubs from the past year
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Pay stub from the previous pay period
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Detailed explanation-1: -Begin by listing your fixed expenses. These are regular monthly bills such as rent or mortgage, utilities and car payments. Next list your variable expenses-those that may change from month to month, such as groceries, gas and entertainment. This is an area where you might find opportunities to cut back.
Detailed explanation-2: -How do you make a budget spreadsheet? Start by determining your take-home (net) income, then take a pulse on your current spending. Finally, apply the 50/30/20 rule: 50% toward needs, 30% toward wants and 20% toward savings and debt repayment.
Detailed explanation-3: -Step 1: Add Up Monthly Income Use the take-home amount, not the amount you earned before taxes. If the amount you receive changes from month to month, try using an average amount instead.