Budgeting

A plan that details how money will be earned and spent.

• needs

• budget

• bill

• savings

True or False!

A budget helps you save money for the things you really want. 

• false

• true

What is a budget?

• a list of what to buy at a store

• a list of things you shouldn't do

• a plan for managing your money. It compares how much you earn (make) to how much you spend

A budget should include -

• . donating all income.

• purchasing wants first.

• spending and saving money

• putting all money into savings

How does Mrs. Davis spend most of her money?

• clothing

• charity

• savings

• food

Money that you earn is called an

• expense

• income

• debt

• Pu

A budget should include -

• . donating all income.

• purchasing wants first.

• spending and saving money

• putting all money into savings

Money that you owe is called an

• expense

• income

• debt

How much money will Mrs. David have saved after three months?

• $100

• $90

• $30

• $220

Sasha is earning money for a new bike. She received $50 for helping a neighbor.

What is the best plan to help her meet her goal?

• Give the money back.

• Buy new shoes worth $50

• Spend $30 on candy and $20 at the movies.

• Purchase new tools for the next job and save the rest.