What is a budget?
a plan for managing your money
a plan to pay for food
a plan to stop spending money
How is the budget created?
from salary
from money
from income and expenses
What's in a budget?
All your expenses
All your income and expenses
All your money from mom and dad
Is money from mom included in a budget?
Yes, it's one of the incomes.
Yes, it's free money.
No, it doesn't make any sense.
Eating out is one of expenses. True or false?
False
True
Why should you create a budget?
A budget helps people to make good financial decisions.
A budget helps people to get out of their comfort zone.
A budget helps people to be rich.
How can you see your overall financial picture?
Jot down and paint color.
Write down and track income and expenses.
Write down and track other's money.
Who's not spending their money in a budget?
Sasha bought a new pair of shoes because she lost them.
Geena spent $20 for her mom's birthday present.
Jay bought a new $10,000 sweater but not wearing it.
How can you identify unnecessary expenses?
Tracking mom's spending
Tracking dad's spending
Tracking income and expenses
Who needs a budget?
people struggling financially
everyone
people who are rich
What will happen if you start creating a budget?
You'll have a better understanding of how to be rich.
You'll have a better understanding of your next trip.
You'll have a better understanding of your finances.
What can you do with the extra money?
I will spend it all to buy ice-cream.
Use the money on things that really matter to me.
Use the money to give to other people.
