Budgeting/Saving

When people make a plan to know how much they earn each month and how much they can spend each month, it is called:

• being good with money

• a budget

• a profit

Making a budget can help you: (choose ALL that work)

• save money

• not overspend money

• to stay out of debt

• buy all of the things you want

Why is it important to make a budget?

In order for you to save money when you make a budget, _____________.

• It is just an idea for you to know about

• it is something you have to stick to for it to work

• It helps you save money every time when you make a budget

True or False: Making a budget is an economic idea that could help you save money.

• True

• False

True or False: A budget only works well if you stick to it.

• True

• False

In order to know how much money you have to spend each month, you have to know your:

• profit

• income

• savings amount

If you have more money leftover after you set aside money for all of your wants and needs, you can do what with the rest?