Intro to Budgeting
Understanding Your Inflows
I can see that getting to the bottom of my spending isn’t as simple as I thought! But now that I know the types of expenses to budget for, what’s the next step?
Now that you have a good handle on your financial outflows—your spending—let’s begin the process of comparing them with your financial inflows.
What are estimated taxes?
Taxes your employer withholds from your paycheck
Taxes that independent contractors pay directly to the government four times a year
The extra taxes your employer withholds after you get a raise
Taxes that independent contractors pay directly to the government at the end of the year
What is the “gig economy”?
Another name for the black-market economy
Another name for people who work as independent contractors
A very large economy, also known as a mega economy
Another name for the E-commerce economy