Budgeting

Which is MORE important to budget for- needs or wants?

Which one of the following is a NEED? AirPods, food, Netflix, Hulu

Which of the following is a WANT? food, water, TV, shelter

Fixed expenses

Variable expenses can be described as...

Emma earns $300 every fortnight. Can she afford to pay for an apartment that charges $700 monthly rent?

David pays $500 a month in rent, $50 every week for groceries, and $300 each month for his car payment. How much are his monthly expenses?

You want to be spending ____ than what you are earning.

If you earn $900 a month and spend $500 on rent, $200 on groceries, and $75 on utilities, do you have enough money to pay $50 a month for TV?

In a typical month, Sam earns $1,000 and pays $600 in rent, $300 on groceries, $250 for his car, and $30 for streaming subscriptions. Is this a sensible budget?