Almost everything is better when you plan Budgeting for Life Almost everything is better when you plan

Money Management Planning how to get the most out the money available to you If you don’t have enough coming in to satisfy your lifestyle choice … earn more!

What Suze Orman Says

Wants vs Needs Clothing Food Transportation Phone and cable

Fixed vs Variable Fixed Expenses are the same every month. Rent / Mortgage Payment Car Payment Car Insurance Variable Expenses change. Groceries Gasoline Gifts

Average household expenses Spending in the average US household

Creating a budget How much do you have coming in? Gross Pay (income) – Taxes = Net Pay Your Net Pay is your disposable income How much are you spending? fixed and variable expenses Prioritize Don’t forget to include savings It’s important to set goals Balance and adjust

Motivation for Budgeting This video is a good real-world introduction to budgeting.

What happens … If you don’t make enough to pay your expenses?

The 50/30/20 Rule Step 1: Calculate Your After-Tax Income Step 2: Limit Your Needs to 50 Percent Step 3: Limit Your Wants to 30 Percent Step 4: Spend at Least 20 Percent on Savings and Debt Repayments Source: thebalance.com

Can I Afford It? Watch video at cnbc.com (4:13)

Almost everything is better when you plan Budgeting for Life Almost everything is better when you plan