Today, we're going to learn about something super important—budgets! What's a budget, you ask? Well, let's find out together! This video is perfect to learn how to manage their money wisely. Let's dive in and discover budgeting!

In this video, you’ll learn:

What is a Budget? - A budget is like a plan that helps you manage how much money you make and spend over a year. It helps you stay on track with your money, making it easier to plan, save, and control your expenses.

Needs vs. Wants - Understand the difference between needs (things you can't live without like food and shelter) and wants (things that make life fun like games and movies).

Creating a Budget - Learn how to set up a budget starting with your income (money you get from allowances, birthday gifts, or chores), your expenses (things you spend money on like snacks and toys), and your savings (money you keep aside for the future).

The 50/30/20 Rule - Discover a simple way to manage your budget: 50% of your money goes to needs, 30% to savings and investments, and 20% to wants.

By the end of this video, you'll know how to create a simple budget that helps you spend wisely and save for the future