1. Budgeting

3. Recap Questions What is Net Cash? What is a budget surplus?
What is a budget deficit?
What is opening cash?
What is closing cash?

4. Today we will learn: Completing a budget: Calculating Net Cash
Calculating Opening & Closing Cash
Analysing the budget

5. Wright Family Mar April May June Total Total Income 15,000 16,700
14,900
Total Expenditure
13,900
Net Cash
Opening Cash
500
Closing Cash

6. Example It’s Monday. I check my money. I have €5 in my money box.
I go to work. I get paid €20
On my way home I stop at the shop and spend €12.

7. Questions What is my Income? What is my expenditure?
What is my net cash?
What is my opening cash?
What is my closing cash?

8. Example January February March Total Total Income 4,000 4,500
Total Expenditure
2,500
3,000
4,200
Net Cash
Opening Cash
500
Closing Cash

9. Question January February March Total Total Income 2,000 2,300
Total Expenditure
1,500
2,100
1,600
Net Cash
Opening Cash
200
Closing Cash

10. Recap Questions What type of expenditure is the most important?
If you have a budget deficit, what type of expenditure should you try to reduce first?
If you have a budget surplus, name one thing you can do with it.
What is impulse buying?
What is an opportunity cost?