Budgeting & Planning
📋 What it is
A budget plans income across needs, wants and savings before you spend.
🗣️ Coach says
A budget is a plan for your money made BEFORE it disappears. Split income into needs (must-haves), wants (nice-to-haves) and savings. Deciding on paper first stops "where did it all go?".
🧠 Memory hook
Plan first: split income into needs, wants, savings. A budget is a spending map.
😂 Giggle
Why was the piggy bank so proud?
It was full of savings and self-worth!
😲 Whoa!
A popular rule of thumb splits money 50% needs / 30% wants / 20% savings — a simple starting budget.
✅ Quick check: From $100, you set aside $50 needs and $20 savings. How much is left for wants?
Say your answer out loud first — then reveal.
$30 — 100 − 50 − 20.
A budget divides income into categories that sum to the total.
🧪 Try it! (2 minutes)
Split an imaginary $100 into needs, wants and savings. Do your amounts add to 100?