Budgeting guide - business studies

in business studies my class has been working on budgets, we have been doing tasks about budgeting and all of that - here is my budgeting guide.

What is budgeting:

Budgeting is the process of creating a plan to spend your money. This spending plan is called a budget. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do. Budgeting is simply balancing your expenses with your income. 

 

Key things you need to know:

Since budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you. Following a budget or spending plan will also keep you out of debt or help you work your way out of debt if you are currently in debt.

How does it help us?:

Since budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you. Following a budget or spending plan will also keep you out of debt or help you work your way out of debt if you are currently in debt.

What happens if we don't have a budget:

In short, the most common consequences of not budgeting include a lack of savings, less financial security, out of control spending, a higher likelihood of going into debt and more financial stress.

for this I used my own knowledge and google

Tokelauan Language and Niuean Language week

 Helpful words/sentences 

Tokelauan Language

• Hello = Mālō ni

• How are you = E ā mai koe?

• I am well, thank you = Ko au e mālohi, Fakafetai 

• Excuse me = Tulou

• Welcome = Ulu tonu mai

• Good-bye = Tōfā

• Thank you very much = Fakafetai lahi lele

Niuean Language 

• Great greetings to you = Fakaalofa lahi atu

• Hello/Greetings = Fakaalofa atu

• Goodbye = Koe Kia

• How are you? = Malolo nakai a koe?

• Fine, thank you = Malolo, faka aue

• What is your name? = Ko hai e higoa haau?

• I live in Tonga/Samoa/ Australia/New Zealand = Nofo au i Tonga/Samoa/ Ositalia/Niusilani

Budgeting language dictionary - business studies

                      Budgeting language dictionary 

• Budget - A certain amount of money you can spend for that period of time

• Surplus - an amount of something left over when requirements have been met; an excess of production or supply.

• Deficit - the amount by which something, especially a sum of money, is too small.

• Spend - buying things that you want/need 

• Savings - left over money that you don't spend, and so you save it up 

• Wants - things you want to buy 

• Needs - things that you need to buy to survive 

• Income - money received, especially on a regular basis for work or through investments.

• Finance - the management of large amounts of money  especially by governments or large companies.

• Price - the amount of money expected, required, or given in payment for something.

• Fees - a payment made to a professional person or to a professional or public body in exchange for advice or services.

• Necessity - the state or fact of being required.

• Exchange - an act of giving one thing and receiving another in return.

SOURCES THAT HELPED ME

google