Smart Money: Your First Budget

Taking Control of Your Financial Future Grade 7 Health/Life Skills Building Smart Money Habits

What is Personal Budgeting?

A plan for how you spend and save your money Tracking income (money coming in) and expenses (money going out) Making sure you don't spend more than you have Helping you reach your financial goals

Budget Myth Buster

"Budgets are only for adults who have lots of money" TRUTH: Anyone with any amount of money can benefit from budgeting - even with just $5!

Budget Challenge: The $20 Dilemma

You receive $20 for your birthday List 3 things you want to buy that cost $8, $10, and $15 Work with a partner to decide: What would you choose and why? Share your decision with the class

Why Budgeting Matters for YOU

{"left":"Helps you save for things you really want\nPrevents you from running out of money too quickly\nTeaches you to make smart choices\nBuilds good habits for the future","right":"Reduces stress about money\nHelps you reach your goals faster\nMakes you feel more confident about spending\nPrepares you for adult responsibilities"}

The 4 Key Elements of Any Budget

Your Budget Journey Starts Now!

Start small - track your money for one week Use the 50/30/20 rule: 50% needs, 30% wants, 20% savings Set one realistic savings goal Remember: every money expert started as a beginner