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What can a budget help you do?
Prioritize expenses and track spending
How can a budget help you reach your financial goals?
Helps track spending and increases savings.
What should be prioritized when creating a budget?
Needs and wants
What does "pay yourself first" mean?
Put money is your savings account before you pay other expense
In the 50-30-20 Rule, 50% of your income should be spent on
Needs
Carlos wants to start a budget. He is planning on using the 50/30/20 method. He's categorizing his expenses. How should he categorize paying his insurance?
Needs
