Why have a budget?
• To keep track of your money –
where it is going
• To pay your bills on time
• Save for the things you like
© 2012 Fruition Horticulture
If you spend less than you earn this is
called a budget SURPLUS
• You can use your budget to works
out how much you can put aside
each pay to save
© 2012 Fruition Horticulture
If you spend more than you earn this is
called a budget DEFICIT
• You can use your budget to work out where
your money is going and ways you can cut
your spending or increase your income
© 2012 Fruition Horticulture
Get the information you need:
• A record of your day-to-day spending
• A list of any other costs
• Details about your income
• Savings
© 2012 Fruition Horticulture
Write a weekly plan about:
• How much you need for food
• How much you need to pay your
regular bills
• How much you have left over
A budget is ...
INCOME less EXPENSES = SURPLUS or DEFICIT
A SURPLUS means we can SAVE!
© 2012 Fruition Horticulture
To help the RSE worker(s) to:
• Understand budgeting terms: income,
expenses, surplus, deficit.
Activities
Test your budget knowledge. Take the
Budget quiz by clicking on the tick button
below.
© 2012 Fruition Horticulture
To help the RSE worker(s) to:
• Identify weekly income and expenses
• Calculate weekly, monthly, and budget
surplus for their time in New Zealand
(addition, multiplication)
Activities
Create a draft personal budget by clicking
on the tick button below.
© 2012 Fruition Horticulture