Budgeting Basics

Front

What is budgeting?

Back

Budgeting involves having a spending and savings plan based on your income and expenses.

Front

Income

Back

Money you receive (paycheck, birthday money, gifts)....

Front

Fixed Expenses

Back

expenses that usually cost the same each month and are paid on a regular basis (rent, cell phone, car payments, car insurance)....

Front

Variable expenses

Back

expenses that usually change monthly (groceries, clothing, extra curriculars)...

Front

Savings -

Back

money put aside each month for emergencies or later use