6.01K HOUSEHOLD BUDGETING and the FOOD SPENDING PLAN

6.01K Household Budgeting and The Food Spending Plan HOUSEHOLD BUDGETS What is/are…. A budget? A meal manager? Income? Fixed Expenses? Flexible Expenses? Food Spending Plan? 6.01K Household Budgeting and The Food Spending Plan 2

6.01K Household Budgeting and The Food Spending Plan A budget is …. a plan for budgeting money 6.01K Household Budgeting and The Food Spending Plan

6.01K Household Budgeting and The Food Spending Plan A meal manager is… someone who uses resources to plan, prepare, and serve food. 6.01K Household Budgeting and The Food Spending Plan

6.01K Household Budgeting and The Food Spending Plan Income is… money received. 6.01K Household Budgeting and The Food Spending Plan

6.01K Household Budgeting and The Food Spending Plan Fixed expenses are… a fixed amount of money paid on a regular basis such as rent and installment loans. 6.01K Household Budgeting and The Food Spending Plan

Flexible expenses are… regularly recurring costs that may vary in amount such as utility bills, food, and clothing. 6.01K Household Budgeting and The Food Spending Plan

A Food Spending Plan is… a method to help you spend your food dollars wisely. This means: Getting the most for your money Getting the highest quality for your money Getting the most nutrition for your money 6.01K Household Budgeting and The Food Spending Plan 8

6.01K Household Budgeting and The Food Spending Plan How Do I Budget? List monthly take home pay Subtract fixed expenses Subtract flexible expenses Total= leftover income after expenses for food and savings 6.01K Household Budgeting and The Food Spending Plan 9