BUDGETING
A big reason to budget is so that you don't loose this.
money
A benefit of budgeting is so you can always have money for_______. (unexpected)
emergencies
You should track your spending for this long at one time.
one month
You budget because you want to save this?
money
Why is it wise to have extra money in your savings?
for emergency expenses
You need to differentiate between these when you are budgeting.
wants nad needs
budgeting is the process of
creating a spending plan
Budgeting isn't meant to deprive you of your
needs and wants
Name one way to budget. (keep track)
record your expenses, calculate things ahead of time
controlling your budget is saving what?
cost
budgeting helps you realize
how much you spend
unforeseen expenses can go to..
overbudgets
The process of creating a plan to manage income and expenses.
Budgeting
The primary goal of budgeting is..
profiting
How to stick with a budget
be consistent