Personal Finance: Income & Budgeting

Personal Finance: Income & Budgeting

What is income?

• money received from work

• all income is limited!

¿Qué son los ingresos?

• dinero recibido del trabajo

• ¡Todos los ingresos son limitados!

Multiple Choice

Income is money received from...

• your friends

• your family

• your work

• your parents

What is a budget?

• a tool to track how much money you spend and how much money you save

¿Qué es un presupuesto?

• una herramienta para rastrear cuánto dinero gasta y cuánto dinero ahorra

Multiple Choice

What does a budget help you track?

• money you are spending

• money you are saving

• money you are spending AND saving

Let's play...SPENDING or SAVING?

SPENDING!

SPENDING!

SPENDING!

SPENDING!

SPENDING!

SAVING!

SAVING!

SAVING!

If you do not budget...

• it is easy to spend too much of your money!

• saving money allows you to have extra cash for emergencies!

Si no tiene presupuesto...

• ¡Es fácil gastar demasiado dinero!

• ¡Ahorrar dinero le permite tener dinero extra para emergencias!

Multiple Choice

If you do not budget, what can happen?

• you can save too much money

• you can spend too much money

• you can earn more money

• you can double your money

Multiple Choice

Saving money allows you to...

• use all your money

• spend all your money

• have extra cash to buy everything you want

• have extra cash for emergencies