ARTICLE: What’s the Difference Between Fixed and Variable Expenses?

When creating your budget, it’s important to realize that not all expenses are the same. There are actually two distinct types of expenses – fixed and variable. Read this article, stopping at Budgeting for Fixed and Variable Expenses, to learn about these types of expenses. Then, answer the questions on your worksheet.

ARTICLE: Popular Budgeting Strategies

There are many popular budgeting strategies. You get to decide which one works best for you!  Read the short article about four of the most popular budgeting strategies.  Then, answer the questions on your worksheet.

VIDEO: Try The Zero-Based Budgeting Method Where Every Dollar Counts

Let’s look specifically at zero-based budgeting. Watch this video to see how this budgeting strategy works and then, answer the questions on your worksheet.

VIDEO: Cash Flash from the Past

Now let’s take a look at envelope budgeting. This strategy has had a resurgence in popularity due to social media and is also known as Cash Stuffing. Answer the questions on your worksheet.

LEARNING TARGETS:

• I can list the different categories of expenses.
• I can explain how four different budgeting strategies work.
• I can weigh the pros and cons of each budgeting strategy.