1. ©G Dear 2008 – Not to be sold/Free to use
General Mathematics
Preliminary
Earning Money
Budgeting
Stage 6 - Year 11
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©G Dear 2008 – Not to be sold/Free to use

2. Budgeting
A statement of income and expenditure.
If income and expenditure are equal then the budget is said to be in balance.
When creating a budget all amounts should be over the same period.
Monthly, fortnightly or weekly.
All unspent money is considered as savings.

3. Budgeting Drawing up a Budget Income = Expenditure Income Expenditure
Wages
$950
Mortgage
$276.92
Bills
$110.00
Groceries
$250.00
Car
$ 70.00
Savings
$163.08
Total
$950
Total
$950.00
Income = Expenditure