BUDGETING

What is a budget?

• A budget makes you put all your money in your savings account.

• Budgets are only about the things you want.

• A budget is a plan you write down to decide how you will spend your money every month.

Budgets will help you keep track of how much money

• you spend.

• you eat

• you throw away.

What's an example of a NEED?

• Rent

• Ice Cream

• Expensive Car

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What's an example of a WANT?

• Traveling to Hawaii

• paying your cell-phone bill

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You receive a paycheck for $200.00. You spend $100.00 on your cell-phone bill and $50.00 on food? How much is left?

• Nothing is left

• $300.00

• $50

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You receive your paycheck from Target for $500.00 You spend $50.00 on food and $60.00 on entertainment. How much is left?

• $390.00

• $400.00

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After you pay all your bills you have $50.00 left. Should you put that in your savings account.

• Yes

• No

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What are some bills you must pay when you create your budget?

• Rent

• Cell-phone bill

• Groceries. (food)

• All answers are correct