|You might also like:||Student's Four-Week Budget||Renter's Monthly Budget||Budgets: Learn How to Write a Budget||How to Use Checks -- Money and Coins||Money Anagrams||Today's featured page: Big Dipper Connect the Dots Printout|
|Our subscribers' grade-level estimate for this page: 1st - 2nd|
Click here for more crafts
Money and Coins - Activities
Rhymes, Crafts, Activities, Budgets, and Printouts related to money and coins
Budgets and Checkbooks
|Click Here for
|All||Rhymes||Picture Dictionaries||Crafts||Books to Print||US Money||How to Budget Your Money||How to Use Checks||Spelling and Writing Worksheets||Anagrams||Various Languages|
How to Budget Your Money
This sample budget records a student's monthly income and outgo.
Although large organizations need to operate according to a budget, most people do not. It is a good idea, however, to occasionally write down your budget so that you have an idea of how much you are making, how much you are spending, and most importantly, how much you are saving for the future. Students need to realize at an early age that they should spend less than they make, and that saving money for their future is very important.
This sample budget records an adult monthly income and outgo.
Short-term savings are savings used to buy items in the near future (for example, saving money for a few weeks to buy an expensive video game).
Long-term savings are savings used to buy things that will be needed in the future (for example, saving money for years to go to college).
How Much Should You Save?
How Much Can You Spend?: In order to know how much you can afford to spend and how much you should save, you need to have a big picture of your finances. A budget gives you that big picture.
For adults, many expenses are necessary (including shelter, food, water, and electricity), but some are discretionary (not necessary expenses, including entertainment, eating out, and hobbies). For students, most expenses are discretionary.
Different people save different amounts of money. The amount saved depends on many things, including emergency expenses and future monetary needs that you anticipate. Some financial advisors suggest that adults save 10% of their income; some suggest that you save more. For students, one suggested amount is allocating about one-third of income toward long-term savings (deposited in a savings account), one-third of income for short-term savings, and one-third of income for spending now.
One way to encourage savings is to show the student how savings accumulate and compound over the years. For example, if the student saves $20 each month and puts it in a savings account earning 5% annually (compounded daily), the student will have $266.12 after one year, $1386.15 after 5 years and $3140.29 after 10 years.
Printable Activities on Writing and Understanding Budgets:
Write a Four-Week Student Budget
On this printable worksheet, the student writes a budget for four weeks, recording income (from allowance, jobs, gifts) and outgo (savings, donations, wants, and needs).
Write a Monthly Renter's Budget
On this printable worksheet, write a budget for a month, including necessary and discretionary expenses.
|All Themes||Animals||Food||People||Plants||Sports||Time and Calendar||Holidays|
A, Long A, Short A|
All About Me
Alligators, Crocodiles Alphabet, Letters
April Fool's Day
Chinese New Year
Cinco de Mayo
Compare and Contrast|
Day of the Dead
E, Long E, Short E
Fact or Opinion
Hundred Days of School
I, Long I, Short I
In The Sky
Kings, Queens, Castles
Left and Right
Letters of the Alphabet
Martin Luther King Day
Mice and Rats
New Year's Day
O, Long O, Short O
One Hundred Days of School
People and Community
Right and Left
In The Sky
St. Patrick's Day
Travel & Vacation
U, Long U, Short U
Over 35,000 Web Pages
Sample Pages for Prospective Subscribers, or click below
Overview of Site|
Enchanted Learning Home
Monthly Activity Calendar
Books to Print
Parts of Speech
The Test of Time
TapQuiz Maps - free iPhone Geography Game
Biology Label Printouts
Physical Sciences: K-12
Art and Artists
Label Me! Printouts
|Search the Enchanted Learning website for:|
Copyright ©2003-2018 EnchantedLearning.com ------ How to cite a web page