Learning Objectives

• Identify the steps necessary to create a personal budget

Directions

1. Review the How to Budget Using the Envelope Method below, or find another “how to budget” video of your choosing.
2. Select one type of budgets suggested in the text or in the video.  Write down each step for the type of budget you selected.
3. Complete each step using your own financial information.
4. Please share what video or method you learned about? Do you think this process for creating a personal budget was helpful? Is there anything you’d change?

Please remember to also reply to a classmate to earn full credit.

You can view the transcript for “Cash Budgeting Using the Envelope System | CASH ENVELOPES | Young Finances” here (opens in new window).