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Financial Literacy in Action
Tutorial 4: Tips for Developing a Spending Plan
 

Access Budgeting Tips. Answer the following questions:

  • Why are Steps 1, 2, and 3 on this website called “The three steps to financial freedom?”
  • One of the tips for successful budgeting is “Distinguish between wants and needs.” Why is this important?
  • Discuss two other “Tips for Successful Budgeting” and explain why these tips are important for effective budgeting.
  • Of the “More Tips to Cut Spending,” which would be the most effective for you? Suggest one additional technique you use to cut spending and explain why you find this technique effective.
 
Spending Plans - Tutorial 4: Tips for Developing a Spending Plan
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