Budgeting & Spending

Budgeting & Spending

Module 2

Budget

• A plan for how to use your money over a period of time

• Keep track of what you earn, save, and spend

Poll

Your goal is to save money with your budget. You LOVE Takis! What can you do to save money in your budget?

• Stop buying Takis

• Only buy Takis once a week

• Buy Takis everyday

Multiple Choice

Again, your goal is to save money with your budget. It is dinner time. What should you do for dinner?

• Cook at home

• Go to a restaurant

• Order pizza for delivery

Budgeting

• Sometimes NEEDS overpower your WANTS

• Sometimes you have to adjust your budget

Poll

You have a budget but your fridge breaks. What would you do?

• Buy a new one because you need it

• Wait until after you buy what you want, and then start saving money for a new fridge

• Hope that someone buys you a new fridge

Reliable Information

• Information you can trust

• Research and check reviews before buying something

• Look for experts

Multiple Choice

Which of the following would be the best to go to for trusted information?

• Group of friends

• Advertisement

• Expert Review

Before making a purchase...

• Do research

• Find experts

• Compare prices

Time to Review

Multiple Choice

When you have a budget, you have....

• a plan for using your money over a set period of time

• lots of money to spend

• a good idea of how much money you'll make

Multiple Choice

The key part of ______ is keeping track of what you earn, spend, and save.

• monthly allowance

• paycheck

• budget

Multiple Choice

Why is tracking your spending helpful?

• You can spend more money

• You know where and how your money is being spent

• You can make good decisions

Multiple Choice

Which is NOT true?

• It's harder to keep track of your money when you make a budget.

• Tracking your money can help you meet your budget.

• A budget helps you plan to use your money.

Multiple Choice

Cutting back on spending money can help you save money, which will ______.

• Help you spend more money

• help you afford nicer things

• add up fast and help you save for your goal

Multiple Choice

When researching something that you will buy, which is a reliable source of information?

• Advertisements

• Expert reviews

• Social media

Multiple Choice

When doing research, what kind of information should you be looking for?

• trusted information

• positive information

• questionable information

Multiple Choice

Which kind of information may NOT give you the best information?

• advertisement

• reliable information

• expert reviews

Multiple Choice

How can buying a cheaper product be helpful?

• It will help you track spending.

• It will help you reach a savings goal.

• It will help you create a budget.

Multiple Choice

Why is it important to save money?

• To fill your money jar

• To help meet your goals

• To show off how much money you have

Multiple Choice

Why is tracking your spending helpful?

• You can spend more money

• You know where and how your money is being spent

• You can make good decisions