Budgeting Basics

​That horrifying moment when you're looking for an adult for help but then realize you're an adult.

Poll

How confident do you feel about managing your finances?

• 1

  I don't even know what I should know.

• 2

  I know that I don't know.

• 3

  I have an idea on how to manage money but could use help.

• 4

  Not perfect, but I think I can handle it.

• 5

  No problem, I can do this.

​Budgeting Basics

​Finite Math

​W

• ​What goes on a budget?

• What is the Envelope System?

• What is Zero-Based Budgeting?

Budget

Income

Expenses

over
time period

​Have you considered everything you need?

Open Ended

Come up with a few things you use that you will have to start paying for soon.

​Main Category





Main Category

Sub-Category
Sub-Category



Sub-Category
Sub-Category

Match

Match the type of expense with the example.

• Fixed

• Variable

• Discretionary

• Intermittent

Rent

Electricity

Starbucks

Tuition

• Rent

• Electricity

• Starbucks

• Tuition

Types of Expenses

• Fixed: rent, __________

• Variable: electricity, ___________

• Intermittent: car insurance, _________

• Discretionary: eating out, ___________

Components of a Budget

• Income

• Savings

• Spending

• Giving

Open Ended

Why is it important to give?

Importance of Giving

• Spirit of Generosity

• Gratitude

• Sense of Fulfilment

• A little to you might be a lot to someone else

Being Successful with Money

• Give every penny a job

• Zero-Based Budgeting

• Pay yourself FIRST

• Get help at the FIRST sign of trouble

• (Work towards) Spending OLD money

• (Work towards) Being Debt-Free