2. © 2012 Fruition Horticulture 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 A budget will help you make the most of your income. A budget will help you make the most of your income.

3. © 2012 Fruition Horticulture SURPLUS 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

4. © 2012 Fruition Horticulture DEFICIT 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

5. © 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 A budget needs to be accurate or it won’t work

6. © 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!

7. © 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.

8. © 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.