Budgeting!
What is Budgeting?
Budgeting is spending plan. It is a goal that can depend on how much you earn and how much you spend.
What is the term for borrowing money now with a promise to pay it back with extra cost?
Credit
What is one example of a small job you can start?
Yard work, shovelling snow, lemonade stands, walking dog, household chores, etc
What is the 50/30/20 method?
50: needs (food, water) 30: wants (toys, videogames, jewellery) 20 (saving!)
What are the pros and cons of credit cards
Pro: Spend now, pay later
Con: Pay interest (extra money built up on the amount that you borrowed)
What are somethings to consider when setting a price for you services?
Expenses, time you are spending, difficulty of the job
What happens to your saving overtime, compared to you wants and needs?
Your saving slowly grows, while you the money from your wants and needs constantly increase and decrease because of earning and spending.
What is a benefit of Debit?
You have spending limit, and there is no extra money you have to pay
Why should you make your customer happy?
To get repeat business and recommendations