budget

							BUDGETING
BUDGET
   • PLAN FOR USING
     MONEY IN A WAY
     THAT BEST MEET
     YOUR WANTS AND
     NEEDS
Where does your money go?
    Keep track of everything spent
•   What did you buy?
•   Can you see a pattern in your spending?
•   What did you need?
•   What did you want?
    How did you spend your money?
•   Categorize how your money was spent
•   * clothing
•   * food
•   Name areas that you might us in the future
What a budget does for you:
              • Helps you decide
                what you can and
                cannot afford
              • Enable you to keep
                track of your money
              • Helps create a
                savings plan
What a budget does for you:
              • Puts you in control
              • Helps you create a
                visual spending
                picture
              • Helps you prevent
                impulse buying
Setting up
     • Estimate your income
     • Estimate your
       expenses
     • Estimate your future
       expenses
     • Cope with change
Setting up
     • Keep your personal
       and financial goals in
       mind
     • Balance your budget
     • Practice setting up
       budgets
Maintaining
      • Learn how to get the
        most for your money
      • Try not to indulge in
        unnecessary
        spending
      • Learn how to maintain
        a workable budget
      • Evaluate your budget
        regularly.