Budgeting 101 1. What Does the Average Household Spend Money On? Analyze the image on the worksheet A to answer the questions on this Data Crunch 2. Budgeting: Quick Quiz: https://www.practicalmoneyskills.com/learn/budgeting How much do you know about the basics of budgeting? Take this short, 5-question quiz to test your knowledge! Note any terms you do not know or any questions you have for your teacher in the space below. 3. 6 Reasons Why You NEED a Budget You probably know by now that a budget is a useful way for you to keep track of your money. But what exactly makes it such a powerful tool? Skim through this article to find out. Then, answer the questions below. A. Out of the six reasons provided, which is the most important to you? Why? B. Despite these six reasons for keeping a budget, many people do not have a budget. Why do you think this is? 4. What should your budget look like: https://www.forbes.com/2010/06/08/budgeting-young-adultspersonal-finance-spending.html#22eca638214b Read the article above to help you layout your budget, and answer the questions below 1. How much should housing comprise of your total budget? 2. Should you be investing a large percentage of your money when you still owe on student loans? 5. Budget Scenario- Everyone will be given a different budgeting scenario, some might be Instagram influencers or some might be struggling college students. Either way you will have to create a budget with the framework from question 4. You will fill out the budget sheet that is provided, as your exit ticket.
