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LESSON 15 We Make a Budget LESSON DESCRIPTION AND BACKGROUND MATERIALS The lesson introduces budgets and budgeting. The students participate in an activity in which they balance a budget by manipulating

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How to fill out we make a budget

01

Step 1: Gather all your financial information, including income, expenses, and any debts or savings.

02

Step 2: Determine your financial goals and priorities. This could be saving for a down payment on a house, paying off debt, or planning for retirement.

03

Step 3: Calculate your income and expenses. Make a list of all your sources of income and all your monthly expenses.

04

Step 4: Identify areas where you can cut back or save money. Look for unnecessary expenses or items you can live without.

05

Step 5: Allocate your income towards different categories, such as housing, transportation, groceries, entertainment, etc.

06

Step 6: Set a budget for each category based on your financial goals and priorities. This will help you stay on track and avoid overspending.

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Step 7: Track your expenses and adjust your budget as needed. Keep track of your spending to ensure you are staying within your budget.

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Step 8: Review and revise your budget regularly. Life circumstances and goals may change, so it's important to review and adjust your budget accordingly.

Who needs we make a budget?

01

Anyone who wants to take control of their finances.

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Individuals who want to save money and plan for the future.

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People with financial goals, such as buying a house, starting a business, or getting out of debt.

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Families who want to manage their expenses and ensure they are living within their means.

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Individuals who want to track their spending and avoid overspending.

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Anyone who wants to make informed financial decisions and prioritize their expenses.

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What is we make a budget?

We make a budget is the process of planning and allocating funds for different expenses and income.

Who is required to file we make a budget?

Anyone who wants to plan their finances effectively can benefit from creating a budget.

How to fill out we make a budget?

To fill out a budget, you need to list all sources of income and expenses, then allocate funds accordingly.

What is the purpose of we make a budget?

The purpose of making a budget is to track and control expenses, plan for the future, and achieve financial goals.

What information must be reported on we make a budget?

Information such as income sources, expenses, savings goals, and any debt payments should be reported on a budget.

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