- Identify the steps necessary to create a personal budget
- Review the How to Budget Using the Envelope Method below, or find another “how to budget” video of your choosing.
- Select one type of budgets suggested in the text or in the video. Write down each step for the type of budget you selected.
- Complete each step using your own financial information.
- Please share what video or method you learned about? Do you think this process for creating a personal budget was helpful? Is there anything you’d change?
Please remember to also reply to a classmate to earn full credit.
You can view the transcript for “Cash Budgeting Using the Envelope System | CASH ENVELOPES | Young Finances” here (opens in new window).