240524 needs vs wants

Why is budgeting considered an important skill?

• It helps you spend more money.

• It allows you to control your spending and save for the future.

• It helps you avoid working.

• It makes you pay more taxes.

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What should you consider when setting your budget?

• How many vacations you want to take.

• How many friends you have.

• How much money you will make in a month after taxes.

• How much money you want to spend on entertainment.

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What is the recommended amount for emergency savings?

• $5,000

• $1,000

• $500

• $10,000

What percentage of your income should ideally be spent on needs?

• 70%

• 20%

• 30%

• 50%

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Which app can help you keep track of your budget?

• Instagram

• Every Dollar

• Twitter

• Facebook