UNIT 4 SOCIAL SCIENCE: BUDGET

A budget is a plan of how much money we can spend and how we are going to spend it.

Household budgets: Families use budgets for their expenses.

Business budgets: Businesses use budgets to plan how much they will spend on costs of products they have to buy, and the salaries they have to pay for workers.

Analysing a budget: To understand a budget we can look at the expenses and their spending and saving habits.

Making a budget

1- Make a list of the products we need

2- Calculate the amount of money we can spend.

3- Make a shopping plan, including information about products and their prices, comparing in different shops.

4- Go shopping and buy the products we need.

Reading News
https://www.kidsnews.com.au/money/setting-goals-and-visualising-what-you-are-saving-for-can-help-you-quickly-reach-your-goal/news-story/687263c7276d9e6dcd6b9c0f478e6afc