Reach out & find answers
Celebrities and everyday heroes
Discounts & savings
Teen news & events
About WARM2kids
Need To Know
Abduction
Affirmative Action
Cell Phones
Coed Dorms
Communicate with Parents
Conserving Resources
Credit Cards
Don't Quit
Drag Racing
Entreprenuership
Etiquette
Fear of Rejection
Gun Safety
Homophobia
Hunger
Internet Pornography
Internet Safety
Materialism
Media Literacy
Money Management
Online Resources
Offline Resources
Money Management 2
Natural Disasters
Poverty-Homelessness
Public Speaking
Rape
Rights & Responsibilities
Running Away
Self-Defense
Sexual Harrassment
Shoplifting
Stalking
Terrorism
Too Young To Vote
Water Safety
 
 HomeDiscussionsStoriesDefinedHow To 

Money Management

Have you ever been broke?  Well, it's just like it sounds.  You have no money so you are unable to go many places or do many things.  Like a broken down car, you are completely out of commission.

Being broke is no joke!!  But you know that already.  One way to keep from running out of cash is to make a budget. 

Creating a budget isn’t that hard; it just takes a little planning.  Think of your allowance or the money that you have to spend each month as if it is a pie.  If you had five friends come over and they each wanted a piece, you’d need to cut the pie into six slices, including yours.  This is the way the pie would look divided into six equal pieces:

To make a budget, you have to divide what you have (money, not pie!) into the number of things your money has to buy.  Unlike the pie, the pieces of your budget probably won’t be equal.  Example: you may have to budget more money for buying lunches than for renting videos or getting movie tickets. 

Below is another pie-shaped object.  It is a SAMPLE BUDGET.  This is the way someone getting thirty dollars a week might spend the money:


 

Click Here for some ways to S T R E T C H your allowance.
xml:sendtoafriend>
Print this article
Write the author
Meet the author
By: Andrea Carr

Do you spend a lot of money on unnecessary stuff?
Yes
No

Free
BET Host

Free's foundation, Free4Life provides kids with financial literacy.  Find out more here.

Managing Your Money

Click here to see reviews for these and other Money Management web sites.

USAA’s First Start Growth Fund

Click an item to learn how to contact support or click here for more support options.
 
 
The Source | Role Models | Get Stuff | Your World | At WARM
Tour | Get Help | Login

Terms and Conditions of Use | Privacy Policy
Copyright © 2003 WARM2Kids, Inc. All Rights Reserved.

The information provided on this site should not replace your physician’s advice.