How to Budget
Name one way to budget. (keep track)
record your expenses, calculate things a head of time
You need to check these from the past week to be organized with budgeting.
transactions and purchases.
You budget because you want to save this?
want to save money.
Budgeting gives you________over your money.
control over your money.
What do most students get for income per week (for freshmen year)?
About $50-$60
You need to differentiate between these when you are budgeting.
wants vs needs.
You need to budget because you want to have enough money for this. (long time)
ensure you have enough money for life/big expenses
Budgeting can keep you______on your money goals.
focused/ on track with
When you choose something to save for in the future this is called?
A savings goal.
When creating a budget you need to be ____ when setting a goal.
realistic.
Why is it wise to have extra money in your savings?
for emergency expenses.
Budgeting makes you aware with what is going on with _____.
with your money OR your bank account,.
You need to make sure that you do this weekly to keep track of your budget.
check your checking account
You need to budget to stay out of this.
debt
A big reason to plan your budget is so that you don't _________ shop throughout the week.
impulse
A benefit of budgeting is so you can always have money for_______. (hint: they are unexpected)
emergencies