The power of budgeting: A simple guide to managing money for teenagers
· economictimes.indiatimes.com
Bala eyed a Rs.1,500 online shopping cart with a tech organiser and gel pens. But with a Rs.2,500 monthly allowance, he realised buying both meant giving up his Friday pizza. He kept only the gel pens, saved Rs.1,000, and learned that budgeting is about making smart choices. Good money management starts with knowing where your money goes.
1.What is a budget?
It’s a financial plan.
A tool to track income and expenses.
A roadmap for your spending goals.
A way to control your cash flow.
2.How...