1. KYLI DOUCETTE, DANIAL UDDAN,WENDY ZHAO AND ELIZABETH SALAS MANAGING YOUR MONEY

2. KEY TERMS Budget- is a plan for saving and spending money based on your income and your expenses. Record keeping- organizing and maintaining records of your income and spending. Get into the habit of record keeping! Financial responsibility - accountability in money matters. Adhering to a budget will enable you to manage your money responsibly.

3. Budgeting

5. WHY SHOULD WE MANAGE OUR MONEY? -To cover expenses -rents, insurance, bills, and gas -To keep future safe -childrens college, medical emergency -To cover your needs and wants -clothes, foods, entertainment

6. TIPS ON HELPING MANAGE A BUDGET Financial responsibility will increase as you get older. It may be wise to plan for and increase in financial responsibility. Make sure to take into account inflation or recession. Here are some ways to deal with it inflation- -Cut back on unnecessary expenses. -Look for a second job to increase income -Be a wise shopper: use coupons and shop sales.

7. Tips for recession - Save money - If you get laid off, accept job placement help if your former employer offers it. -Plan a budget -Prioritize your needs and wants.