1. Almost everything is better when you plan
Budgeting for Life
Almost everything is better when you plan

2. Money Management
Planning how to get the most out the money available to you
If you don’t have enough coming in to satisfy your lifestyle choice … earn more!

3. What Suze Orman Says

4. Wants vs Needs
Clothing
Food
Transportation
Phone and cable

5. Fixed vs Variable Fixed Expenses are the same every month.
Rent / Mortgage Payment
Car Payment
Car Insurance
Variable Expenses change.
Groceries
Gasoline
Gifts

6. Average household expenses
Spending in the average US household

7. Creating a budget How much do you have coming in?
Gross Pay (income) – Taxes = Net Pay
Your Net Pay is your disposable income
How much are you spending?
fixed and variable expenses
Prioritize
Don’t forget to include savings
It’s important to set goals
Balance and adjust

8. Motivation for Budgeting
This video is a good real-world introduction to budgeting.

9. What happens …
If you don’t make enough to pay your expenses?

10. The 50/30/20 Rule Step 1: Calculate Your After-Tax Income
Step 2: Limit Your Needs to 50 Percent
Step 3: Limit Your Wants to 30 Percent
Step 4: Spend at Least 20 Percent on Savings and Debt Repayments
Source: thebalance.com

11. Can I Afford It?
Watch video at cnbc.com (4:13)

12. Almost everything is better when you plan
Budgeting for Life
Almost everything is better when you plan