• Explain budgeting strategies and their advantages and disadvantages
• Create a personal budget
• Identify factors that affect financial savings

What is a Budget?

You can view the transcript for “It’s a Money Thing – Budgeting Basics” here (opens in new window).

You can view the transcript for “Budgeting Basics!” here (opens in new window).

Setting Up a Budget

You can view the transcript for “Budgeting for Beginners – How to Make a Budget From Scratch 2021” here (opens in new window).

The Envelope Method

Still not convinced that making and following a budget is doable? The following video describes a budgeting technique that’s very easy and straightforward to follow: the “Envelope Budget.” Simply placing cash in labeled envelopes (one for each category or purpose) each month can be a very effective means of building healthy spending habits.

You can view the transcript for “Cash Envelope System for Beginners | How to Start Budgeting | Budget for Beginners” here (opens in new window).

Saving Money

Check out this video for eight actionable tips for saving money while you’re in school.

You can view the transcript for “How To Save Money, No Matter How Much You Earn” here (opens in new window).

Everything you need to know about savings

This video is part of a series called “The College Student’s Guide to Money” and it outlines even more information about different types of savings accounts and what they are for, including emergency savings and retirement savings.

You can view the transcript for “Everything You Need to Know About Savings” here (opens in new window).