Budgeting
Presentation
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Business
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University
•
Practice Problem
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Easy
Nick Salvemini
Used 62+ times
FREE Resource
15 Slides • 4 Questions
1
Budgeting
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6
Multiple Choice
What can a spending plan NOT help you do?
put aside money for goals
prepare for regular expenses
control how you spend money
plan every aspect of your future
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Multiple Choice
Spending plans will..
change at times
never change
should always be the same
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Multiple Choice
which of the following would not be a source of income?
Car Insurance
Job
Allowance
Investments
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Open Ended
What is an example of a periodic expense you have?
What is a fixed expense you have?
What is a flexible expense you have?
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Step Four: Compare Income and Expenses
Income > Expenses
Extra money to redirect towards your goal
Expenses > Income
Adjustments needed
Income = Expenses
Break even - no margin for error
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Step Five: Draft Your Plan
Use current income and expense to forecast a budget
Adjust as necessary
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Step Six: Use, Review and Adjust
Use the plan
Periodically review to check progress
Make adjustments as necessary to redirect your plan to your savings goals
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Budgeting
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