1. Budgeting Your Money

2. What is a budget?
A budget is a written plan for how you will spend your money.

3. Joe Biden – Former Vice President of the United States

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

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

6. 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

7. 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

8. Today’s Budget

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

10. 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?”

11. Budgeting App

12. Income and Education Simulation

13. On Your Own