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Money Center
BIG Ideas
  1 Budgeting as Planning
  2 Why Budget?
  3 How to Create Personal Budget
  4 Balancing your Budget
  5 Paying Your Bills: More About Checks
I. Budgeting as Planning
Budgeting is a way of making the most of your money by planning how you'll spend it.
  Let's think a little more about planning...
   
What are some things that you plan for?
Click on the faces below to see their answers.

Pedro

Penny


Jayson


Mary
What about YOU?
   
What are some things you plan for?
Write your answers in your Money Notebook.

When people plan for something,they generally make lists.
   For example, Jayson made a list of all the things he wanted to do on Saturday. Penny made a list of all the poeple she wanted to invite to her birthday party.

When you make a budget plan, you'll also need to start making lists. List your earnings (the money you get from a job, allowance or gifts) AND your expenses (the money you have to spend).

   
 

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II. Why Budget?

Click on the arrows below
to see why
Mary and Pedro budget their money.

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People budget their money to:
1) Keep track of what they earn,  what they spend, and what they save.

2) Plan for future goals and expenses--like a Christmas presents or a vacation or a college education.

3) See their progress towards meeting their financial goals.
   
 
Good work!!
   

Have a little fun now and take a
Reality Check Quiz!
When you're finished, keep going to the next
Big Idea!

 


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