Have
you ever wished that you had a budget? Having a budget makes you save money up
but you can still buy things while you’re saving.
Like say you earned 10 dollars per
week you could spend half of that and the other half you could save. It would
be slower process but you could still save money. You should also list how much
money you make per week.
When you go somewhere you should
bring a notepad. That way you know how much money you spend and how much more you
have in your budget. You could also use three jars. One is for donating, one
for savings and the last one for spending. Divide your money into each jar. You
should always keep your money in a safe place like in a closet or maybe in the
bank. The best place is a bank because you get interest. If you had a thousand
dollars in the bank and if it was in there for a year it would be 1000 plus 50
dollars.
You've explained budgeting very nicely, Jack. I especially like that you would set aside as much money for donating as for saving and spending. And the notebook and the jars and most of all the bank are all good suggestions. Good job!
ReplyDeleteThanks for these great tips for creating a budget. It's so important. What you like to save up for?
ReplyDeleteYou asked if I ever wished I had a budget and my answer is YES. My husband and I just recently started one and it really is helping us. I think it is great that you understand that there are different purposes for money - saving, spending and helping others! Don't let anyone know if your closet is your safe place for hiding your money though.
ReplyDeleteBudgets can be really helpful to families and you explained the process very well. It is not an easy thing to do and you had some good ideas.
ReplyDelete