CTE Resource Center - Verso - Economics and Personal Finance Task 1064065658
Develop a personal budget.
Development of a personal budget should include
Budget should allow for discretionary income (e.g., what is available after paying for essentials) and take into account the impact of cost-of-living increases and inflation.
- paying yourself first
- writing a statement of short- and long-term financial goals
- creating a plan for managing one’s money over a short period of time
- outlining a long-term plan for managing money
- creating an emergency fund.
Other Related Standards
FBLA Competitive Events and Activities Areas