Status Updates From Budgeting 101: From Getting...
Budgeting 101: From Getting Out of Debt and Tracking Expenses to Setting Financial Goals and Building Your Savings, Your Essential Guide to Budgeting (Adams 101 Series) by
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JP
is on page 59 of 256
Common overlooked assets:
- cash value of life insurance policies
- money that other people owe you (including tax refunds you haven’t received yet)
- prepaid cemetery plots
- prepaid gym, golf, or country club memberships
- credit card rewards points and travel miles
— Jul 21, 2026 07:48AM
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- cash value of life insurance policies
- money that other people owe you (including tax refunds you haven’t received yet)
- prepaid cemetery plots
- prepaid gym, golf, or country club memberships
- credit card rewards points and travel miles
JP
is on page 55 of 256
Usual assets:
- house
- car (and other vehicle)
- retirement savings
- non-retirement savings
- investments
- business
- high-value personal belongings (jewelry, artwork, furniture, major appliances, musical instruments, collectibles, etc.)
- catchall category (stuff, lower-value belongings that are tough to stick a price tag on; e.g., dishes, silverware, books, small appliances, sports equipment, etc.)
— Jul 21, 2026 05:39AM
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- house
- car (and other vehicle)
- retirement savings
- non-retirement savings
- investments
- business
- high-value personal belongings (jewelry, artwork, furniture, major appliances, musical instruments, collectibles, etc.)
- catchall category (stuff, lower-value belongings that are tough to stick a price tag on; e.g., dishes, silverware, books, small appliances, sports equipment, etc.)
JP
is on page 50 of 256
Assess Your Assets
Minimize assets that decline (depreciate) in value, and build up assets that increase (appreciate) in value or add to your income.
— Jul 21, 2026 05:06AM
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Minimize assets that decline (depreciate) in value, and build up assets that increase (appreciate) in value or add to your income.
JP
is on page 46 of 256
The Seven Most Common Unexpected Expenses
1. Emergency room visits
2. Broken-down car
3. Emergency pet care
4. Last-minute travel
5. Cracked tooth
6. Burst pipe
7. Job loss
A healthy emergency fund is your first line of defense for keeping these unpredictable costs from devastating budget.
— Jul 20, 2026 07:39AM
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1. Emergency room visits
2. Broken-down car
3. Emergency pet care
4. Last-minute travel
5. Cracked tooth
6. Burst pipe
7. Job loss
A healthy emergency fund is your first line of defense for keeping these unpredictable costs from devastating budget.
JP
is on page 42 of 256
Financial Checkup
1. Net worth - the amount of money you’d have if you sold everything and paid off all your debt
2. Debt-to-income ratio (DTI) - your total debt divided by your annual income
3. Credit score - a number assigned to you by a credit rating agency that indicates your likeliness to pay back debt
4. Credit utilization ratio - the percentage of your total available credit that you’re using right now
— Jul 19, 2026 03:51AM
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1. Net worth - the amount of money you’d have if you sold everything and paid off all your debt
2. Debt-to-income ratio (DTI) - your total debt divided by your annual income
3. Credit score - a number assigned to you by a credit rating agency that indicates your likeliness to pay back debt
4. Credit utilization ratio - the percentage of your total available credit that you’re using right now
JP
is on page 37 of 256
[ ] Build Your Budget
- income
- fixed expenses: rent, minimum credit card payments, loan payments, insurance, cell phone bill, savings
- variable expenses: electric bill, groceries, gas, clothes, socializing
[ ] Determine necessities vs discretionary (things you don’t need to get by)
— Jul 19, 2026 03:41AM
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- income
- fixed expenses: rent, minimum credit card payments, loan payments, insurance, cell phone bill, savings
- variable expenses: electric bill, groceries, gas, clothes, socializing
[ ] Determine necessities vs discretionary (things you don’t need to get by)
JP
is on page 33 of 256
Three Main Steps for Your Budget
1. Budget
2. Revise
3. Repeat
— Jul 18, 2026 07:15AM
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1. Budget
2. Revise
3. Repeat
JP
is on page 22 of 256
Think SMART
Specific
Measurable
Achievable
Realistic
Time-oriented
— Jul 18, 2026 01:36AM
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Specific
Measurable
Achievable
Realistic
Time-oriented




