Why have a budget?
Think of your household budget as your map for financial success. Without the map provided by your GPS, you will get lost.
Examine the following ideas and begin creating your map.
- Define your spending priorities.
- Food expenses.
- Entertainment expenses.
- Utilities (water, gas, electricity)
- Organize your expensive debts and pay them down/off.
- Build a safety net. Automatically deposit money into your savings account.
- Don't charge.
- Live within your means.
Other Games To Help You Understand Budgeting
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Claim Your Future
Take a few introductory questions about your budgeting knowledge, and then bam! a random career (or choose your own) leads you into financial budgeting choices which reflect your FYE 105 budgeting assignment. How much is really left over at the end of the month? -
The Uber Game
The secret is to HUSTLE. But can hustling in the gig economy get you to a mortgage payment? Try ride-sharing and Ubering to see if you have enough at the end of the month.
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Spent
Urban Ministries of Durham serves over 6,000 people every year. But you'd never need help, right? Prove it by playing this real world look at what it means to live on a low budget.
Building a Budget
