Chapter 2 Budgeting

Tracking Your
Expenses

Building a
Zero-Based Budget

Components
of a Budget?

Financial
Literacy

5 Foundations

100

After you make a budget, you need to ____every expense.

Track

100

A budget is a ____ for your money

plan

100

The first component of a budget is

Income

100

Only __ % of people do a budget every month

35%

100

Foundation 1?

Save a $500 Emergency Fund

200

Keeping track of your expenses will help you______ your budget

adjust

200

Your budget gives you ____to spend.

freedom

200

The second component is

giving

200

95% of people agree that budgeting is

important

200

Foundation 2?

Get Out of and Stay Out of Debt

300

One of the best ways to track your expenses is the ______ system

envelope

300

The third component is

saving

300

Money flows out through giving, saving, and

spending

300

Foundation 3?

Pay Cash for Your Car

400

When you use ______, you end up spending less

cash

400

The fourth component is

spending

400

Your budget gives you ____ to spend

freedom

400

Foundation 4?

Pay Cash for College

500

Don't underestimate the emotional ____ you get when using cash

punch

500

The way you break up you _____ is up to you