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Create Good Spending Habits

Create Good Spending Habits

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Create Good Spending Habits

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  1. Create Good Spending Habits • Although you may not realize it, the everyday choices you make now regarding finances are shaping your money habits and management skills. Sometimes you will achieve success; other times you may falter. Understanding the impact of your choices will help you have more successful moments in the future. • Learn to Live on a Budget • A budget is a plan for managing your money; it helps you track the money you earn and how you spend it. One of the first steps to creating a budget is determining if you spend your money on things you want or things you need. • A need is necessary for survival, such as food and shelter. • A want is something you could live without, like concert tickets. • Decide if the following items are wants or needs by placing an X in the appropriate column:

  2. Avoid Budget Killers Cutting back on small expenses can lead to large savings over time. Discussion/Alternatives:

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