But there also really confusing. I had no idea what was going on for half the class.
Well here, let me explain.
A budget is a plan for your money. It helps you make smart decisions with your money.
It includes fixed expences that stay the same from month to month, such as rent and car payments. And variabe expences that change from month to month, such as food and clothing.
Okay, that makes sense. But what was that Mr. Pond said about having a balenced budget?
A balenced budget, or zero based buget is a budget where you have no money left over. It is important to have a balanced budget because it makes sure you are making smart decisions with ALL of your money, not just some.
Wow, you must really understand budgets. Thanks for your help.