Budget Basics 1
Budget Basics 2
Budget Basics 3
100

This is a plan for how you will use money you earn or receive.

What is a budget? 

100

After paying yourself first, these should be paid next.

What are needs?

100

This allows your money the opportunity to grow and work for you over time. 

What is investing?

200

Food, water, clothing, and shelter are examples of these.

What are needs?

200

Rent is an example of this type of expense because it is usually the same amount each month.

What is fixed expense?

200

This is money you receive from working, a business, an allowance, or other sources. 

What is income? 

300

This is the first person you should pay when you receive money. 

Who is yourself?

300

Groceries or electric bill may change from month to month and are examples of this type of expense. 

What is a variable expense? 

300

Buying the newest pair of expensive sneakers when you already have shoes is an example of this.

What is a want?

400

These are four smart things you can do with your money.

What is spend, save, invest, and give?

400

Creating one of these helps you control your money and avoid unnecessary debt.

What is a budget?

400

Money is not something to love.  It is something you can use to help accomplish your goals.  Money is this. 

What is a tool?

500

These are the two things you need to know before creating a budget.

What are income and expenses?

500

This is when you should make your budget: before or after you receive your income.

What is before you receive your income?

500

You earn $500 and pay yourself 30% first.  This is how much you set aside. 

What is $150?