Working with a budget


In the next few minutes, we’ll see how a budget can make a big difference in how you spend your money.

Let’s pretend that every week you earn $10 in allowance for cleaning your room, washing dishes, and feeding the dog every day. This is your weekly income. You also have some expenses — things you regularly spend money on.

Your weekly budget

Description Income (+) Expense (-) $ Available
Allowance $10.00 $10.00
Snacks $2.00 $8.00
Entertainment $5.00 $3.00

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