1.  Empowering people with basic financial knowledge to help shape their dreams and secure their future

2.  A plan for managing your income and expenses.

3.  There are three types of expenses: fixed, variable, and unexpected.  Fixed expenses tend to be for rent, mortgage, car payments and insurance. These expenses stay the same for each month.  Variable expenses tend to be for food, entertainment, and clothing. These expenses change each month.  Unexpected expenses happen at inopportune times and are difficult to predict or measure

4.  Wants are nonessential items we can live without.  Needs are essential items without which we cannot live.

5.  Income is the money that people receive for work done or time spent. This could be formal such as wages for work or pocket money for chores around the house.

6.  A credit card is used to make a purchase by borrowing money  Credit- money available for a client to borrow.  A debit card is used to make a purchase with one's own money from his/ her bank account  Debit- a sum of money or spent, or taken from a bank account

7.  Debt, stress, feeling overwhelmed, struggling with bad credit or financial hardship.   “It will cost you twice as much but you will only be able to afford half as much.”

8.  Budget Surplus  Surplus can be spent on nonessential expenses.  These include shopping, entertainment, or even adding to your savings.

9.  “Budget Boss Hog.”  “Penny Pinchin’ Piggy.”

10.  1. What is the difference between gross income and net income?  2. Tell me the difference between savings and debt, and how they are both created.  3. What is a budget? Why is budgeting important?  4. What are some of the taxes removed from the sample payment record?  5. Name three sources of income. Which one is most important?  6. What are three advantages of a successful budget?  7. Explain the distinction between needs and wants.  8. After going through this module, how has the insight gained impacted your attitude about budgeting