Creating a Budget
So, we have a list of items we want and we've given priority to what is most important to us (Station 1) and learned to take time to cut out spending money on things we don't need or can find cheaper elsewhere (Station 2).
Think about ways you get money (jobs, chores, gift money...) and how can you set a budget to manage your money wisely?
Think about ways you get money (jobs, chores, gift money...) and how can you set a budget to manage your money wisely?
DO THIS -->
Watch an interactive video to learn about budgeting.
copy/paste: http://handsonbanking.org/htdocs/en/k/#/en/k/bu/index.html
(This is a public service site from Wells Fargo Bank- http://handsonbanking.org/htdocs/en/k/#/en/k/bu/index.html)
When you are done, print out your budget you did online in lesson 6 of 7 of the interactive video website.
Watch an interactive video to learn about budgeting.
copy/paste: http://handsonbanking.org/htdocs/en/k/#/en/k/bu/index.html
(This is a public service site from Wells Fargo Bank- http://handsonbanking.org/htdocs/en/k/#/en/k/bu/index.html)
When you are done, print out your budget you did online in lesson 6 of 7 of the interactive video website.
- Your budget will be a chart you can print from the website you watched. It is a chart like this one:
- Your income is how you get money from jobs, chores, gifts etc. You mark that amount in the income column and then add the amount to the total $ available for a new total $ available amount.
- Your expenses (either fixed, flexible or discretionary) are items you spend money on or plan to spend money on. You mark that amount in the expense column and subtract that amount from the total & available for a new $ available amount.