1. Budgeting Ms. Perez

2. Bell ringer  What did you learn from the Jimmy Johns speakers?

3. Today -budgeting notes -Youtube video -Family budgeting challenge

4. Overdraft  When more money is taken out of your bank account then is in the account and the amount goes below zero.

5. T/F  Every budget should be the same

6. T/F  The purpose of a budget is to help achieve goals that you set

7. T/F  A budget can never change

8. T/F  A fixed income varies from month to month

9. T/F  When planning your budget you MUST include an emergency fund

10. T/F  When planning a budget you must save as much as possible

11. Budgeting  When creating a budget you must know  Income  Saving goals  Short term, long term, emergency funds  Fixed expenses  Expenses that DO NOT CHANGE from month to month  Variable expenses  Expenses that change from month to month

12. Fixed or variable  Rent

13. Fixed or variable  Dining out

14. Fixed or variable  Car payment

15. Fixed or variable  Savings

16. Fixed or variable  Car payment

17. Fixed or variable  Gas

18. Fixed or variable  Electricity

19. Fixed or variable  Car Insurance

20. Fixed or variable  Health insurance

21. What do you think the steps of creating a budget are?

22. At your table try to put the steps in order  1. List fixed expenses  2. Track where your money is going and determine income  3. Re-adjust money if needed  4. List variable expenses  5. Stick to your budget  6. List amount to go into savings  7. Subtract your savings, fixed, and variable expenses from your income

23.  2. Track where your money is going and determine income  6. List amount to go into savings  1. List fixed expenses  4. List variable expenses  7. Subtract your savings, fixed, and variable expenses from your income  3. Re-adjust money if needed  5. Stick to your budget

24. 1. Track where your money is going and determine income

25. 2. List amount to go into savings

26. 3. List fixed expenses

27. 4. List flexible expenses

28. 5. Subtract your savings, fixed, and flexible expenses from your income

29. 6. Re-adjust money if needed

30. 7. Stick to your budget

31. 8. Revisit monthly and update when needed

32. BUDGETING  Helps you fulfill GOALS that you set

33. TOTD  List an example of something you would save for  Short term  Long term  Something you would use emergency funds for  *BRING YOUR CALCULATOR TOMORROW*

34.  http://www.youtube.com/watch?v=3Q5 Wqtw9co0