VM Budgeting - Welcome to the Vakameasina Portal

Why have a budget?

• To keep track of your money – where it is going • To pay your bills on time • Save for the things you like

If you spend

than you earn this is called a budget

SURPLUS

• You can use your budget to works out how much you can put aside each pay to save

If you spend

than you earn this is called a budget

DEFICIT

• You can use your budget to work out where your money is going and ways you can cut your spending or increase your income

Get the information you need: • A record of your day-to-day spending • A list of any other costs • Details about your income • Savings

Write a weekly plan about: • How much you need for food • How much you need to pay your regular bills • How much you have left over

A budget is ... INCOME less EXPENSES = SURPLUS or DEFICIT A SURPLUS means we can SAVE!

To help the RSE worker(s) to:

• Understand budgeting terms: income, expenses, surplus, deficit.

Activities

Test your budget knowledge. Take the Budget quiz by clicking on the tick button below.

To help the RSE worker(s) to:

• Identify weekly income and expenses • Calculate weekly, monthly, and budget surplus for their time in New Zealand (addition, multiplication)

Activities

Create a draft personal budget by clicking on the tick button below.