Budgeting for Kids!

What is a budget?

• A list of things you want to buy

• A record of money you have spent

• A plan for what you'll do with your money

• A plan for spending money on fun things

Why is it important to have a budget?

• To buy everything you want

• To spend all your money on fun things

• To make sure you have enough money for necessary things

• To keep track of your friends' spending

What does the 30-60-10 plan suggest you do with your money?

• Spend 30%, share 60%, save 10%

• Share 30%, save 60%, spend 10%

• Spend 30%, save 60%, share 10%

• Save 30%, spend 60%, share 10%

What does 'sharing' mean in the context of the 30-60-10 plan?

• Lending money to friends

• Giving money to a cause you care about

• Splitting your money with your family

• Sharing advice on how to save money

If you received $10, how much should you save according to the 30-60-10 plan?

• $3

• $6

• $1

• $10

What is the purpose of saving money?

• To have money for emergencies

• To buy snacks

• To have more money to spend on fun things

• To lend it to friends