1. Paychecks and budgets Daniel Folkinshteyn, PhD
Money 101 | finance-lectures.com

2. Learning objectives Describe major items on a paycheck
Classify types of paycheck deductions
Identify major spending categories
Explain the basic budgeting process
Money 101 | finance-lectures.com

3. Money flows Inflows -Outflows =Surplus/shortfall
Money 101 | finance-lectures.com

4. Sample paycheck
Money 101 | finance-lectures.com

5. Spending Bureau of Labor Statistics, Consumer Expenditure Survey
Money 101 | finance-lectures.com

6. Quiz 1
If you are saving 10% of your after-tax income, how many years will it take you to save up for one year's worth of expenses?
saving
spending
Money 101 | finance-lectures.com

7. Effective budgeting Gather information Create a written budget
Cut discretionary expenses
Stay organized
Review and revise
Money 101 | finance-lectures.com

8. Additional reading Financial Literacy and Education Commission
Budgeting worksheets and planning tools:
Money 101 | finance-lectures.com

9. Attributions
All images, unless otherwise noted, are sourced from pixabay.com or Wikimedia Commons, and are licensed under CC0, public domain.
Money 101 | finance-lectures.com