Surviving on a budget

What is the 50/30/20 rule?

• take-home pay to needs, letting around, go to wants, and aiming to save only are simply more realistic goals to shoot for right now.

• Rule, tracking expenses, prioritizing needs, be mindful of wants, and consistently allocate savings or debt repayment within the designated percentage.

• Income goes towards necessities, towards discretionary spending

  goes to savings or paying off debt.

  goes to charitable giving or financial goals.

What is it?

• Discretionary spending/charity or finance/necessities/savings

• Needs/Wants/Savings

• living expenses/save money/percent for debt

What is the envelope system?

A budget is a plan you make up strictly for shopping

• True

• False

What are methods for budgeting?

• Zero-based

• Financial

• Value proposition budget

• Plantable

Why should one save money?

• Fun

• Emergencies

• • Expensive things 

  •  

• Vacations

Does having a piggy bank help budgeting?

Draw your best one :)

How many steps are there to properly use a budget?

• 3

• 6

• 4

• How many steps you need.