Vocational Training - Science
Mission Objectives
Understand what a budget is and why it’s useful.
Identify the key parts of a basic budget: income, expenses, and balance.
Practice creating a simple weekly or monthly budget.
Words and meanings to learn
income
the money you receive, such as wages, benefits, or allowances, that you can use to pay for your needs and wants
budgeting
planning how to spend and save your money so you stay in control and avoid overspending
expenses
the costs of things you spend money on, like rent, food, travel, and bills
financial stress
the worry or pressure you feel when you don’t have enough money to cover your expenses or manage unexpected costs
wages
the money you earn from working, usually paid weekly or monthly by your employer
Section 4 - My Budget Sheet
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