Budget

A budget is a plan that helps you decide how to use your money wisely, so you know how much you can spend and save.

Examples

• This summer, I created a budget to save for a new video game, so I could plan how much of my allowance I needed to set aside each week.
• When my family goes on vacation, we always make a budget to figure out how much money we can spend on fun activities, like going to amusement parks or trying new restaurants.
• In our science class, we learned how to create a budget for a school project, which helped us understand how to manage resources and make sure we didn't run out of materials.

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