Student Workbook (PDF file, 3.46 MB) - Oklahoma Department of ...
Student Workbook (PDF file, 3.46 MB) - Oklahoma Department of ...
Student Workbook (PDF file, 3.46 MB) - Oklahoma Department of ...
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OBJECTIVE 9<br />
State guidelines for using a budget.<br />
Your budget is an important part <strong>of</strong> your fi nancial plan, because it<br />
will help you reach the goals you have set in your fi nancial plan.<br />
A budget may also be known as a<br />
spending plan.<br />
1. Determine your goals.<br />
2. Estimate your income.<br />
3. Estimate your expenses for this<br />
pay period, as well as the amount<br />
you will need to put away for<br />
future expenses (such as car<br />
repairs or savings for a vacation).<br />
4. Earmark money available for<br />
expenses.<br />
5. Spend money according to your budget.<br />
6. Regularly compare your estimated expenses to your actual<br />
spending.<br />
7. Evaluate your budget and revise as needed.<br />
OBJECTIVE 10<br />
Complete Assignment Sheet 2.<br />
UNIT 1 MANAGING MONEY 17
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