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  • Module 2 Budgeting

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    Jundion Marcelino
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    Budgeting involves organizing your income, spending, and savings. It facilitates decision making and focuses on money goals, while providing early warnings about potential problems. The steps in budgeting are to track income and expenses, develop a budget plan, implement the plan, and monitor and revise it as needed. Budgeting techniques include paying yourself first, using an envelope system, the traditional method, and the balanced money formula. Remember to avoid money worries by budgeting, balance earning, saving and spending, commit to your budget plan, and that discipline is key to success.

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    Module-2-Budgeting

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    Budgeting involves organizing your income, spending, and savings. It facilitates decision making and focuses on money goals, while providing early warnings about potential problems. The steps in budgeting are to track income and expenses, develop a budget plan, implement the plan, and monitor and revise it as needed. Budgeting techniques include paying yourself first, using an envelope system, the traditional method, and the balanced money formula. Remember to avoid money worries by budgeting, balance earning, saving and spending, commit to your budget plan, and that discipline is key to success.

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    21 views12 pages

    Module 2 Budgeting

    Uploaded by

    Jundion Marcelino
    Budgeting involves organizing your income, spending, and savings. It facilitates decision making and focuses on money goals, while providing early warnings about potential problems. The steps in budgeting are to track income and expenses, develop a budget plan, implement the plan, and monitor and revise it as needed. Budgeting techniques include paying yourself first, using an envelope system, the traditional method, and the balanced money formula. Remember to avoid money worries by budgeting, balance earning, saving and spending, commit to your budget plan, and that discipline is key to success.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 12

    Module 2.

    b
    BUDGETING
    WHAT IS
    BUDGETING?
    “A budget is telling your money where to go
    instead of wondering where it went.”

    -Dave Ramsey
    ORGANIZES
    your income, spending and saving
    WHY
    BUDGET? FACILITATES
    decision making

    FOCUSES
    on your money goals

    PROVIDES EARLY WARNING


    for potential problems
    STEPS IN BUDGETING

    1 2 3 4
    SET your budget IMPLEME MONITOR
    TRACK goals,
    your income & DEVELOP a NT your and REVISE
    expenses budget plan budget plan as needed
    Budgeting REVERSE BUDGETING
    Technique Pay Yourself First
    s ENVELOPE SYSTEM
    Traditional Method

    BALANCED MONEY
    FORMULA
    50/30/20
    REMEMBER…
    A
    B
    C
    D
    REMEMBER…
    Avoid money worries by
    AVOID budgeting

    Balance the act of earning,


    BALANCE saving and spending wisely

    COMMIT Commit to your budget plan

    Discipline is key to success


    DISCIPLINE
    • Video on Save by the Bells (Mila Part I)

    2 - Saving and Budgeting - 2 Kwento ni


    Mila Part 1 (Saved by the Bells).mp4

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