Day 54

Lesson Objectives

  • Identify the purposes of a budget.
  • Describe steps for preparing a budget.
  • Describe characteristics of successful budgeting.
  • Describe the components of a budget

Notes 3-1

  1. Obtain a Notes 3-1 Handout (Espanol) from your instructor and fill in the missing parts through the presentation.  You can also view the Notes 3-1 Presentation (Espanol).

Assignment BUU3.1

  1. Inside of your Budgeting Unit folder, create a new folder titled Lesson 3.  All your tasks completed in Lesson 3 should be stored in this folder.

Assignment BUU3.2

  • Read page 60 in your textbook to identify four different types of expenses to budget for.
  • What are the five key components (Espanol) of a budget?
    1. Given a partner and poster, divide the poster into five equal parts and use your own drawings to showcase a visual depiction of those five key components of what a budget contains.