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Budgeting A budget is a plan for spending. (Budget % (Education/childcare…
Budgeting A budget is a plan for spending.
Reasons
Develops good management skills
Good example to children
See where you overspend
Alleviates worry and stress.
Guidelines
List expenditure.
Allocate a %
Estimate total income
Allow for saving
Review and evaluate
Budget %
Education/childcare 10%
Travel 5%
Household 15%
Clothing 5%
Food 25%
Medical 5%
Housing 25%
Savings 5%
Entertainment 5%
Money Advice and Budgeting Service.
Free, independent, confidential service
Operates within Citizen's Information Service.
Funded by the Dept. of Social Protection