Do You Have a Budget?
A budget is a way to keep track of your money. With careful budgeting, you can save for the things you want, instead of waiting to find out if you're going to get them on your birthday or the holidays.
Johnny A. Member's Budget| 1. Weekly Income | 2. Weekly Expenses | ||
| Allowance | $5.00 | School supplies | $3.00 |
| Money earned walking the dog | $3.00 | Baseball cards | $2.00 |
| Earned money from paper route | $10.00 | 3 packets of bubble gum | $0.75 |
| Money earned recycling cans | $7.50 | Chipped in with Mom for Dad's birthday present | $5.00 |
| Deposited in South Carolina Federal account | $5.00 | ||
How much was Johnny's total weekly income?
How much were Johnny's total weekly expenses?
How much money does Johnny have left in cash?
Johnny wants a new video game. It costs $50.
1. How long will it take Johnny to save for it if he deposits $5 a week in his share savings account?
2. What if he deposits $10 a week?
