1. Budgeting

2. Steps for preparing Estimate your income
Decide how much you want to save
Estimate your expenses
Balance your budget
IF YOUR EXPENSES PLUS YOUR SAVINGS IS MORE THAN YOUR INCOME, ADJUST YOUR PLAN TO MAKE THEM BALANCE!

3. bUDGETING
When spending your money your budget can be divided into 2 categories. 1. Fixed expenses 2. Variable expenses

4. Fixed expenses
Costs you are obligated to pay at specific times regardless of other events.. RENT, UTILITY BILL, INSURANCE Must pay them when they are due, no matter what!

5. Variable expenses
Costs vary in amount or type depending on events and choices you make GROCERIES, MOVIES, CLOTHES, DONATIONS