1. What is a Budget?

2. A budget is…. A plan for how you will use your money. A prediction of how much money you will have. A blueprint for you can spend your money.

3. Who uses a budget? Individuals Families Businesses Events Countries All budgets show the same things: How much money is available, and how that money will be spent.

4. Why create a budget? To plan for the future. To make choices about what to do or what to buy. To avoid spending more than you earn.

5. How do you create a budget? Make a list of Your income (the money you have to spend) Your expenses (the money you plan to spend) Divide income and expenses into categories Results: Surplus (more income than expenses) Deficit (more expenses than income)