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Unit 2 - Budgeting: Making the Most of Your Money

Unit 2 - Budgeting: Making the Most of Your Money. …Helps you determine where you are spending your money currently. …Helps you decide where to spend your money in the future. …You have an organized way to save for things that cost more.

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Unit 2 - Budgeting: Making the Most of Your Money

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  1. Unit 2 - Budgeting: Making the Most of Your Money

  2. …Helps you determine where you are spending your money currently. …Helps you decide where to spend your money in the future. …You have an organized way to save for things that cost more. …Puts you in control of your financial future, beginning NOW. Reasons for a Spending Plan

  3. …Are less likely to know what they have. …Have no plan, often coming up short before their next paycheck or allowance. …Are almost certain to have no plan to save for more expensive spending goals. People Without a Budget…

  4. S PAY YOUR$ELF FIRST! etting aside money for “big ticket items” A voids borrowing, which costs you a lot! It’s a V ery wise thing to do, because E very time you pay yourself first, you are developing asaving habitthat leaves you with more money to spend later on for things that are really important to you!

  5. Decide on a time frame for tracking expenses (week, two weeks, month). List all money you have coming in (income). Make categories for all expenses. Subtract total expenses from income. Study your budget and your financial plan to make sure it fits with your plans and goals. How to Build a Budget

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