Transcript 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
© 2012 Fruition Horticulture
If you spend
less
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
© 2012 Fruition Horticulture
If you spend
more
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
© 2012 Fruition Horticulture
Get the information you need: • A record of your day-to-day spending • A list of any other costs • Details about your income • Savings
© 2012 Fruition Horticulture
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!
© 2012 Fruition Horticulture
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.
© 2012 Fruition Horticulture
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.
© 2012 Fruition Horticulture