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The
Basics of Budgeting
Have you ever dropped a can
of soda and sadly watched how quickly it drained, even
if the hole was really small? Your money is the same way. Small purchases, even if
they seem inexpensive, can add up to big bucks over time.
| 75
cents + 55 cents = $1.30 each day |
| $1.30
x 5 days = $6.50 each week |
| $6.50
x 4 weeks = $26 each month |
| $26
x 9 months = $234 each school year |
Let’s say Tony buys a soda and a candy bar every
day from a vending machine at school. The soda costs
75 cents and the candy bar 55 cents. That seems pretty
affordable.
Let’s take a look at the numbers. How much is
Tony spending each week? Each month? During the entire
school
year?
See how those inexpensive treats can really add up over
time?
Creating a spending diary will help you see the effect
of spending money over time.
Go
to worksheet: Spending Diary>>
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