Personal Finance Theme 4. Creating a Personal Budget. What is a budget?. â€œA budget is a written record of the money that flows in and out of your household every month.â€. Why budget?. Budgeting is the first step on the road to financial success.
Creating a Personal Budget
• What do you have to spend?• What spending is not necessary?
YES! – Great, then you can save.NO! – There’s a problem!
Internet Movie RentalsGas/Electricity
Pet FoodHousing Phone
Loans Credit CardsEntertainmentToiletries Food Insurance