2. a couple thoughts
• powerpoint lectures, activities,
guided notes, old school notes,
reading, reading guides.
• i’m way too lenient with late
work. That is going to change.
• trying to spice things up-- but
looking for suggestions.
4. what is a budget?
•a plan about how to spend
your money.
– Why do you need a plan?
•give yourself limits in
different categories & then
try to stick to them.
5. why bother to make a
budget?
1. know where your money is
going.
2. make sure your expenses <
income.
3. identify “problem” areas of
spending.
6. how do I make a
budget?
1. track expenses to get estimates.
2. make a budget template (or use a
pre-made one).
3. track income/expenses.
4. analyze results.
5. adjust expenses.
7. what tools do I need?
•paper & pencil.
•excel (or other spreadsheet
software).
•the “envelope system.”
8. what might cause a
budget to fail?
•unexpected expenses.
•sudden loss of income.
•over-ambitious goals.
9. budgeting tips
• pay yourself first!
• if you don’t trust yourself with
a credit card, use only cash.
• track your expenses.
• expenses must be less than
income for sustainable
lifestyle.
10. want to learn more?
• internet resources
– www.thesimpledollar.com
– www.getrichslowly.org
• books
– Your Money or Your Life
– The Total Money Makeover
11. 20 square income
budget game
• You have an “income” of 20
squares.
• You must place at least one square
in each of the starred categories
first (required expenses).
• Use the rest of your squares to
finish your budget.
• Be prepared to share.
13. breaking it down
• how did you decide what to
spend your money on?
• how do your values affect your
spending choices? Your goals?
Your past experiences?
• learn anything about yourself?
14. round 2
•your income has been
reduced to thirteen squares.
•erase some selections (you
may also make new
choices).
16. breaking it down again
•what did you give up?
•why?
•were there any hard choices
you had to make?
17.
18. my 2008 expenses
• What do you notice about the
summer months?
• What might change about this
once I graduate?
• Anything cost more than you
expect?
20. leave the classroom
with this…
• Budgets help you to reach your
financial goals.
• BUT, you have to do what
works for you.
• A budget is worthless if you
don’t stick to it, so make it
reasonable.