Personal Budgets

A budget is a plan for spending and saving money.

• True

• False

The goal of a budget is to SAVE more than you SPEND.

• True

• False

The goal of a budget is to SPEND more than you SAVE.

• True

• False

What bank were our presenters from today?

• Bank of America

• Southeastern Credit Union

• Wells Fargo

Which of the following would be an expense (bill)?

• Light/Electricity

• Phone Bill

• A New Bike

• Tickets to Wild Adventures

Which of the following would be an want?

• Light/Electricity

• Phone Bill

• A New Bike

• Tickets to Wild Adventures

Mrs. McArthur earned $100 dollars this week. She had to pay her phone bill of $50. How much money does she have remaining?

• $25

• $10

• $50

Mrs. Wilson earned $500 dollars this week. Her light bill was $300. How much money does she have remaining?

• $200

• $500

• $100

• $20

Mrs. Montgomery wants to treat herself to dinner at a fancy restaurant. The meal she wants will be $50. She has $20 right now. How much more money does she need to SAVE?

• $30

• $10

• $40

• $5