Personal Budgeting - Simplified
- 1 hour on-demand video
- 3 downloadable resources
- Full lifetime access
- Access on mobile and TV
- Certificate of Completion
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- How to create an effective monthly budget that helps students achieve their financial goals.
The essential tool for a successful financial life is consistently completing a monthly budget! Unfortunately, many people aren't sure how to create a budget and are scared to ask because they are embarrassed or feel ashamed. This course will help those who are tired of being lost with their finances and desire to get on a plan!
- Those wanting to learn how to budget.
To successfully budget, you MUST first know how much money you earn during a month. This lesson focuses on how to properly account for all the money you make and to build an accurate budget.
After you account for all of your income, you have to identify your necessary expenses. There are certain expenses that must be covered every month in order to survive. These expenses include: 1) Housing & Utilities, 2) Transportation, 3)Food and 4) Clothing. This lesson covers how to properly account for these expenses.
Once the necessary expenses are covered, we have to account for all the other spending in our budget. These are the expenses that we have to account for but aren't necessary in order to survive. In a drastic situation, these are the expenses that could be skipped.
An extremely important step in the budgeting process is to ensure your income = expenses. If these numbers are not the same, it will set you up to either go deeper into debt or to frivolously spend money, without a purpose. This lesson shows how to properly balance and ensure every dollar we earn is spent purposefully.