SEN Knowing and Growing

Budgeting!

Needs

Needs are things you must have in order

to live.

(food, water, shelter)

Wants are things you would like but are not necessary in order to live.

(cake, sweets, fashionable clothes, mp3 players, computer games)

Wants

This is money you have, which you can spend or save.

(Pocket money, earnings, birthday money,

Christmas money)

Income

These are the things that you spend your money on.

(Snacks, sweets, games, trips to the cinema, bowling, swimming)

Expenses

This is the money that you don’t spend right away. You keep it somewhere safe to spend later on something you are waiting to buy.

Short-term savings(for a concert, school trip, new clothes/boots)

Long-term savings(saving for the future)

Savings

• How much money do you get every week?

• Decide how much you will spend.• Decide how much you will save – maybe

for going on holidays.

Budgeting