Budgeting for kids in 2023

I am 10 and learning all about budgeting, I have been reading articles and information on the Internet and also a book my Dad gave me.

I found the topic to be very interesting as there is soo much to learn, with a keen interest in maths, and while I am only in grade 5, I find budgeting a great way to connect maths and saving money.

As I don’t have a job yet, I do have lots of things I want to buy. With my only income

First what is budgeting ? 4,240,000,000 have asked what is budgeting per year that is a lot of people who have typed what is budgeting . Now here is the answers, a simple definition is budgeting is when you have to keep a budget with money.

Cash Budgets

A cash budget is when you have an amount of money called cash in your hands. But you have a certain amount to spend, for example, imagine if you had $100 but you saw something you liked for $101, you would have to skip and go see if another shop has the same thing and it might be cheaper. Lets say $99 and then you would still have $1 left in your cash budget.

A cash budget can also be for a business through a large document to help theses businesses manage their cash.

Financial Budgeting

The purpose of budgeting is to help create financial stability.

Balanced Budget

A balanced budget is a situation in financial planning or budgeting process .

Deficit Budget

A deficit budget is the situation in which the spending is more than the income.

Surplus Budgeting

A surplus budget occurs when greater tax. A surplus budget is when your income or revenue exceeds expenditures. A surplus budget is a good thing .

Budgeting is an estimate for a second period of time

Incremental Budgeting

The most popular type of budgeting is incremental budgeting

Budget Circle

A budget circle means the process for the development and preparation of a regional training budget.

budgeting is important but first you need to learn about money so read all my other articles about money.so you can learn about money.

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