Personal Budgets. In This Chapter:. -How to keep Financial Records. -How to create a personal budget. -How to balance a budget. -How to analyze a budget. What is a budget?. A method of keeping track of your . What $$ do you need to keep track of?. Income. Expenses.
In This Chapter:
-How to keep Financial Records
-How to create a personal budget
-How to balance a budget
-How to analyze a budget
What is a budget?
A method of keeping track of your
What $$ do you need to keep track of?
$$ that comes in and $$ that goes out
How to you start a budget?
Start by asking
What are some examples of questions that should be asked?
1.What is my income?
Gross vs. Net
2.What are my Expenses?
Make a list of your MONTHLYexpenses
What are monthly expenses?
List as many expenses as you can think of
Some Expenses that you didn’t think of…
-Insurance – auto/personal
-Long Distance Calls
A budget Organizes this information
How would you organize your income/expenses?