Creating a Budget

Obtaining or Providing Money for a Specific Purpose.

• Personal Finance

• Finance

• Financial Planning

• Financing

Mom had to buy groceries, and gas-these are what?

• Personal Finance

• Finance

• Financial Planning

• Expenses

The Starting Point in your personal finance.

• Personal Finance

• Finance

• Financial Plan

• Expenses

Things You Do Not Have - But Would like to Have.

• Liquidity

• Budget

• Needs

• Wants

Things that you must have...

• Liquidity

• Budget

• Needs

• Wants

Access to funds for the short term.

• Liquidity

• Budget

• Needs

• Wants

Income is money going out.

• False

• True

Budget is a detailed summary of expected income.

• False

• True

This is a charge on borrowed money.

• Interest

• Compound Interest

Insurance is something of value that you own.

• True

• False