Saving & Budgeting

What is a budget?

• A calendar to plan your activities

• A type of savings account

• A new app

• A plan for spending and saving

You are trying to determine if something is a Need or a Want to prioritize in your budget, which question will be most helpful.

• Do my friends have this?

• How happy will this item make me

• Will I look cool if I buy this?

• Will something bad happen if I don't have this?

Why should I save money?

• Feels good to see a lot of money in my account

• Helps tackle hurdles of life

• So that I can buy new phones and games

• So that I can go for a costly vacation

What is an important part of saving & budgeting?

• Having a savings account

• Knowing your financial goals

• Partying!!

Buy only things you ____

Don't borrow money for a

• Want

• Need

Save money for a

• iPhone

• Rainy day

• car

• parties

Don't buy things that

• are cheap

• you cannot afford

• are a need