Budgeting for Teens and Young Adults

Budgeting for Teens and Young Adults

This mini-course will go over the importance of a budget, how to create it, and how to use it. How so? It will go over the importance of goals, actual steps in creating a budget, sticking to the budget, a specific example run-through, savings accounts and when to use them for what, and debt repayment methods.

Budgeting is such an important skill to learn at a young age so this short session will make it easy to follow in one sitting and give a great visual of how to start one. You can always revisit if needed. Each step will be explained as well as the example provided will be targeted to the teen/young adult demographic. The younger you are when you learn this important skill, the easier it will be when you have more expenses life throws at you depending on your journey.

One thing to keep in mind when you work through a budget is that it takes patience and practice. You may not get it the first time or even the second time but being consistent with it, will help you get better and better.

Resources are provided to assist: budget template, debt tracker, and savings goal tracker.

All you need access to is excel and a willingness to learn!!

Simple steps in creating and using a budget

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What you will learn

• Defining your goals
• 5 simple steps to budgeting
• Run through of a specific example

Rating: 0

Level: Beginner Level

Duration: 30 mins

Instructor: Sinthy Sundaramohan