Budgeting

Budgeting is like making a plan for your money like you would a map for a road trip. You decide how much money you have and then you decide where you want to go and how to get there. A budget is like the map. It shows you how much money you have and where you are going to put it. It helps you decide how to divide your money so you can give each area what it needs. For example, if you have $100 you could put $50 towards rent, $30 on food, and $20 towards entertainment. That way you make sure you can pay your rent, buy food, and still enjoy some things. Budgeting helps you keep track of your money and makes sure you are able to meet all your needs.