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Knowing the Family Budget, the Importance of staying within the Budget, and the Benefits of Saving

Knowing the Family Budget, the Importance of staying within the Budget, and the Benefits of Saving. What does a budget mean to you?. What is a budget?. A budget is an estimate of income and expenditure for a set period of time. Budgets. Necessary to be realistic in spending

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Knowing the Family Budget, the Importance of staying within the Budget, and the Benefits of Saving

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  1. Knowing the Family Budget, the Importance of staying within the Budget, and the Benefits of Saving

  2. What does a budget mean to you?

  3. What is a budget? A budget is an estimate of income and expenditure for a set period of time.

  4. Budgets • Necessary to be realistic in spending • Keeps people organized • Help people know where they are spending money & making sure it is places they want to be spending at • Reduces impulse shopping • Can start a savings program • Reduces stress, because you will know how much you have to spend

  5. The Importance of Staying within Budget ∙ will not go into debt ∙ aligns priorities ∙ be more confident in spending ∙ money will be valued as a tool ∙ grows savings ∙ demonstrates responsibility

  6. Benefits of Saving ∙ can give a positive goal for the family ∙gives a “cushion” ∙ less stress

  7. Budget Example Paycheck for the week $250 Clothing $40 Transportation $30 Groceries $60 Entertainment $20 Savings $100 *By putting a significant amount in the savings section you are setting yourself on a positive note for an emergency or something you would like to use that money on, like your child’s birthday.

  8. ● SNAP: Supplement Nutrition Assistance Program –Smith’s Superette 1912 Carr Dr -RadigansAmco 2005 N. Florissant Ave -RC Market 1-270 Dr. Martin Luther King Dr. -Quality Market 2708 N. Florissant Ave. -Mally Super Market 2800 N. Florissant Ave -Noor Market 1438 N. 13th St ● WIC: Special Supplemental Nutrition Program for Women, Infants, & Children -Some WIC approved foods are dairy products, cereal juices, bread, and fruit Resources to Consider ● Grocery stores such as Aldi’s, Shop’N’Save, Save-A-Lot, and Gordon Foods -Aldi’s 3616 Natural Bridge Road -Shop’N’Save 4447 Natural Bridge -Save-A-Lot 3645 Page Boulevard -Gordon Foods 3200 Laclede Station Rd (although not as close, about 7 miles away, maybe if you are in the area)

  9. Make sure you have fun with it. Buying items on sale and finding/mixing up creative recipes the family will enjoy • Involve the whole family. The children will learn and grow from this experience. Incorporating a budget

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