wants and needs
i really want the new rode lip liners
what is a want
your family pays this every month to keep a roof over your head
wha is housing
write down how much money you going to plan to spend in the mall before spending it
what is making a budget
you get money from your job this is what you start with
what is an income
MONEY you recive from job, chores/or allowce
wha is income
this is somthing you must have to live like food or water
what is a need
you mom called to stop at the store to get potatos steak and steak sause
wha is food / groceries
good thing about budgeting is it help you not spend more money than you have. this is called..
what is over spending
only fast food for the weekends
wha is a savings
money you spend on food clothes or wtv
wha are expenses?
i need clothes because mine are worn out
what is a want
buying tickets to a rauw alejandro concert too........... me
wha is entertainment
a strategy where you only spend money on things you really need
what is prioritizing needs over wants
a plan for how you will spend your money
what is a budget
what is what you call money coming in versus money going out
what are income and expenses
buying wram clothes in the winter is an example of this
wha is a need
you car breaks down and you use money saved for surprises like this
this budgeting method splits into 3 parts need, wants and savings
wha is 50/30/20 rule
saving money first before you spend it
what is saving
if this is higher than you income you might run out of money
what are expenses
i want my house more full with love i need more green plants
wha is a want
you put aside part of every paycheck now you can afford somthing important in the future
wHAT IS SAVINGS
a method where every dollar has a specific job or surpose
what is zero based budgeting
when you make sure you dont spend more than you earn
WHAT IS balancing your budget
this happens when you spend less than you earn and you have money left over
what is saving money