Budgeting how much money do you really have
This presentation is the property of its rightful owner.
Sponsored Links
1 / 13

Budgeting: How much money do you really have? PowerPoint PPT Presentation


  • 33 Views
  • Uploaded on
  • Presentation posted in: General

Budgeting: How much money do you really have?. From foukeffa.org Written by Cara Sue Langley Ag Student Texas A&M. GA Ag Ed Curriculum Office To accompany the Georgia Agriculture Education Curriculum Lesson 01411-4.1 July 2001. What is a budget?. A spending plan

Download Presentation

Budgeting: How much money do you really have?

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Budgeting how much money do you really have

Budgeting:How much money do you really have?

From foukeffa.org

Written by Cara Sue Langley

Ag Student Texas A&M

GA Ag Ed Curriculum Office

To accompany the Georgia Agriculture Education Curriculum

Lesson 01411-4.1

July 2001


What is a budget

What is a budget?

  • A spending plan

    • Simple—a college student, single family

    • Complex—a corporation


Advantages

Advantages

  • Establishes goals for money

  • Live on money earned

  • Eliminate wasteful spending habits

  • Achieve long-term goals


Planning a budget

Planning a budget

  • Estimate income

  • Estimate expenses


Types of expenses

Types of expenses:

  • Fixed

  • Variable


Fixed expenses

Fixed expenses

  • Set amount due-

    • Taxes

    • Rent

    • Insurance

    • Utilities

    • Education


Variable expenses

Variable expenses

  • Vary in cost-

    • Food

    • Clothing

    • Gifts

    • Entertainment

    • Medical and dental


Sample budget

Sample Budget

Regular monthly payments

Rent/home payment$350

Car payment$200

Appliance payment$65

Health plan payment$55

Life Insurance$110

Miscellaneous$50

Total$830


Sample budget1

Sample Budget

  • Household operating expenses:

    • Telephone $80

    • Gas/Electricity$140

    • Water$25

    • Repairs, Upkeep$100

      • Total$345


Sample budget2

Sample Budget

  • Food Expenses:

    At home$150

    Away from home$50

    TOTAL$200


Sample budget3

Sample Budget

  • Personal Expenses:

    • Clothing, Shoes$75

    • Cleaning, Laundry$25

    • Doctor/Dentist$75

    • Education$50

    • Auto Gas$150

    • Spending Money$100

      • TOTAL$475


Sample budget4

Sample Budget

  • Total Living Expenses$1,850

  • Net Monthly$2,100

  • Extra Money$250


Hints

Hints

  • Stick it out!!!

  • Keep it simple!!!

  • Be realistic!!!

  • Be flexible!!!

  • Keep organized!!!


  • Login