1 / 7

Unit 2- Budgeting

Section 6.1- Choose a Financial Goal. Unit 2- Budgeting . Section 6.1 Choose a financial goal. Goals: Identify your financial goals. Section 6.1 Choose a financial goal. Key Terms Budget. How to get what you want !.

raquel
Download Presentation

Unit 2- Budgeting

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Section 6.1- Choose a Financial Goal Unit 2- Budgeting

  2. Section 6.1 Choose a financial goal • Goals: • Identify your financial goals

  3. Section 6.1 Choose a financial goal • Key Terms • Budget

  4. How to get what you want! • Most of the things you want in life require money & almost everything you do requires income. • Things you value most are worth working for. • How can you achieve more of what is important to you during your life span? • A BUDGET

  5. What is a budget? • Budget- is a plan for dividing income among spending and saving options. • Budgets are based on short and long term financial goals. • The first step in budgeting is to consider the important goals you have set in your life-span plan.

  6. How Short and Long Term Financial Plans impact budgets! • Short term financial goals are things that can be achieved quickly, with limited planning and do not involve large amounts of spending. • i.e. $200 I-phone, $50 new shoes • Long term financial goals are always important parts of your life-span plan. • i.e. pay for college, buy a home, open a business

  7. Balancing short term spending with long term success. • Controlling your short term spending is one of the most crucial elements to achieving your long term financial goals. “Stand in your financial truth!” • The key is to create and follow a budget that allows you to enjoy yourself now and helps you achieve what you want most over your life- build savings into your budget!!! • To make a good budget you need to understand your life goals clearly.

More Related