The Budgeting Series

Overview:

A budget is a written plan your parents use to decide how much money they can spend on things, like groceries, rent, clothes for the family, and many other items. Everything we spend money on needs to be in the budget. It should also include a goal to put some...

Overview:

Anytime you receive money, it is a good idea to budget how you want to use it before you spend it. Make sure you put some money into each of these three categories: Saving, Giving, and Spending. Putting money into savings first helps you reach bigger savings g...

Overview:

Your budget should include everything you want or need to spend money on. For example, say your parents gave you $30 to spend while on a school trip to the zoo. However, that does not mean you can spend all your money on a $30 souvenir. The ticket to the zoo c...

Overview:

In the last video, we talked about putting money into savings. As your savings account begins to grow, you can begin deciding what you want to do with that money. It is a good idea to set some short-term and long-term savings goals. A short-term goal could be...

Overview:

The most important part of writing a budget is sticking to it. If you write down a list of spending goals, but do not follow it, you may run out of money before something important needs to be paid. For example, if you spent the $30 your parents gave you for t...

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