Budgeting Your Money

Budgeting Your Money

Elementary & Middle School Budget 10% Offering 50% Savings For Christmas Gifts 40% Spending

High School Budget 10% Offering 50% Savings For Car 40% Spending

Sample College Budget Monthly Budget for April 1994 Expected Income: $400.00 Expenses Budgeted Actual Amount Offering $40.00 Savings (College) $100.00 Car Insurance Gas $80.00 Spending (Food, Clothes, Entertainment) Other: $0 Total: $400.00

Changes to College Budget Monthly Budget for April 1994 Expected Income: $400.00 Expenses Budgeted Actual Amount Offering $40.00 Savings (College) $100.00 $0 Car Insurance Gas $80.00 Spending (Food, Clothes, Entertainment) $60.00 Other: Replace Car Window $120.00 Total: $400.00

Today’s Budget

Envelope Method When it’s gone, it’s gone! $145 Personal $180 Gas

See Money Differently Money is what you exchange for your time, energy, or effort. Ask yourself: “Is my time worth what I am buying? “Is this item worth five hours of work?” “What won’t I be able to buy if I buy this?”

Income and Education Simulation

On Your Own Read this packet and complete forms 4, 5, and 6. Use the amount from side 2 of the Income and Education Simulation for your family budget (form 4).