Budget Manegment

Budget Manegment

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  • (2) And I saw this collar that I want but I don´t have any money.
  • (1) I really want this toy but I cant afford it.
  • (3) This seems like a good time to teach you about BUDGETING.
  • (1) Let's start with the basics of budgeting. 
  • (2) ohh, okay.
  • (1) Budgeting is when you know exactly where your money goes and how much money goes there. 
  • (2)cool.
  • (1) There are 3 things you should do with your money. give 20% save 20% spend 60%
  • (2) ahh, I see.
  • (2) That makes sense
  • (1) There are 3 main reasons for saving money  emergency fund- Just in case you need money for an emergency purchase fund- when you need to buy something wealth build- to save money so you have it for later
  • (1) And you want to be smart with spending your money so you don't go into debt
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