How to Budget
Name one way to budget
Track your expenses
You need to keep these organized when budgeting
Bills
You budget because you want to save this?
Money
Budgeting gives you _____ over your money.
power or control
When budgeting, you should focus on this first
Debt
What do when you over run your budget
Lower your expenses
You need to differentiate between these when you are budgeting
Wants versus needs
You need to budget because you want to have enough money for this
Life expenses
Budgeting can keep you _ on your money goals.
Focused
When budgeting, you should create a _ for the month to manage your money
Schedule
when you choose something to save for this is called?
what is a goal
when creating a budget you need to be _ when setting a goal
What is being careful
you need to budget for _______ because sometimes you need to find cash quickly
what is budgeting for emergency expenses
Budgeting makes you aware with what is going on with _
Your money.
You need to set these when budgeting for a long time.
Short-term goals.
You need to make sure that you do this weekly or monthly
Balance your checking account
you should always do this when you have been budgeting for a while
Revisit your budget
a big reason to budget is so that you don't lose ______
Money.
What is another name for a budget
Spending plan
You should track your spending for this long at one time.
One month.
It is wise to do _______ with at least 10 - 20 % of your income
Save
when you have small expenses, you should pay with what?
Cash.
You need to budget to avoid this
Debt
A benefit of budgeting is so you can always have money for?
Emergencies
Your income must equal or exceed
Expenses