Discuss Wants vs. needs
Clothing, food shelter - needs
concert tickets - want
Budget:
Monthly Income - Expenses = Discretionary Income
Discretionary Income = save this for something else, or use now
Monthly Budget*
Go through some of the lines on budget.*
This is a type of budget that a lot of adults use so they can stay on track financially. When you decide to move out on your own some day, you will use a budget similar to this one.
Several of the line items are a fixed number (mortgage/rent, insurance, car payment) and some of the items may vary month to month (water, gas, electric).
Several of the line items are a fixed number (mortgage/rent, insurance, car payment) and some of the items may vary month to month (water, gas, electric).
Note the Savings Goals.
Maybe there are bigger items that you are saving for (concert tickets, fancy boots/shoes, computer, car, house) Always good to keep your Savings Goals list where you can see it. Makes you think before spending all of your extra money.
Troop Budget:
*Create a troop budget
Our income is $1 per box of cookies sold
Make list of things we want to spend our money on this year (include charity giving, too) (we had to help the girls with the cost, they did the math to figure out total cost for our troop)
Figure out cost of things we want to do (field trips, donate to charity, fun, etc.)
How many boxes do we have to sell to achieve these goals?
Vote on what we would like to do with our cookie money.
Vote on what we would like to do with our cookie money.
Also:
The cookie moms were adding up the number of boxes that the girls sold, so we had a total dollar amount for our budget. (we have an idea how many boxes we will sell at the cookie booths we will be doing in the next couple of months so we added that number in, too)
*monthly budget: I printed this one out for the girls to look at:
I tried to pick a simple budget plan. If you can make one, or have one that you use, that works, too.
Supplies needed:
Paper and pencils
No comments:
Post a Comment