{"id":2369,"date":"2023-05-09T18:25:42","date_gmt":"2023-05-09T18:25:42","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/quantitativereasoning\/?post_type=chapter&#038;p=2369"},"modified":"2024-10-18T20:55:12","modified_gmt":"2024-10-18T20:55:12","slug":"savings-expenses-budgets-fresh-take","status":"web-only","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/quantitativereasoning\/chapter\/savings-expenses-budgets-fresh-take\/","title":{"raw":"Savings, Expenses, Budgets: Fresh Take","rendered":"Savings, Expenses, Budgets: Fresh Take"},"content":{"raw":"<section class=\"textbox learningGoals\">\r\n<ul>\r\n\t<li>Explain budgeting strategies and their advantages and disadvantages<\/li>\r\n\t<li>Create a personal budget<\/li>\r\n\t<li>Identify factors that affect financial savings<\/li>\r\n<\/ul>\r\n<\/section>\r\n<h2>What is a Budget?<\/h2>\r\n<section class=\"textbox watchIt\"><iframe src=\"\/\/plugin.3playmedia.com\/show?mf=10356050&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=xEPHsUtLFDA&amp;video_target=tpm-plugin-fldqchhw-xEPHsUtLFDA\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe><br \/>\r\n<p>You can view the\u00a0<a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Quantitative+Reasoning+-+2023+Build\/Transcriptions\/It's+a+Money+Thing+-+Budgeting+Basics.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cIt's a Money Thing - Budgeting Basics\u201d here (opens in new window).<\/a><\/p><\/section>\r\n<section class=\"textbox watchIt\"><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/sVKQn2I4HDM\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><br \/>\r\n<p>You can view the\u00a0<a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Quantitative+Reasoning+-+2023+Build\/Transcriptions\/Budgeting+Basics!.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cBudgeting Basics!\u201d here (opens in new window).<\/a><\/p><\/section>\r\n<h2>Setting Up a Budget<\/h2>\r\n<section class=\"textbox watchIt\"><iframe src=\"\/\/plugin.3playmedia.com\/show?mf=10356051&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=7lHNMGoACdQ&amp;video_target=tpm-plugin-0h4tpnsg-7lHNMGoACdQ\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe><br \/>\r\n<p>You can view the\u00a0<a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Quantitative+Reasoning+-+2023+Build\/Transcriptions\/Budgeting+for+Beginners+-+How+to+Make+a+Budget+From+Scratch+2021.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cBudgeting for Beginners - How to Make a Budget From Scratch 2021\u201d here (opens in new window).<\/a><\/p><\/section>\r\n<h2>The Envelope Method<\/h2>\r\n<p>Still not convinced that making and following a budget is doable? The following video describes a budgeting technique that's very easy\u00a0and straightforward to follow: the \"Envelope Budget.\" Simply placing cash in labeled envelopes (one for each category or purpose)\u00a0each\u00a0month can be a very effective means of building healthy spending habits.<\/p>\r\n<section class=\"textbox watchIt\"><iframe src=\"\/\/plugin.3playmedia.com\/show?mf=6890480&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=Ov0sy5AH9PI&amp;video_target=tpm-plugin-k4iuzz1o-Ov0sy5AH9PI\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe><br \/>\r\n<p>You can view the\u00a0<a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Quantitative+Reasoning+-+2023+Build\/Transcriptions\/Cash+Envelope+System+for+Beginners+%7C+How+to+Start+Budgeting+%7C+Budget+for+Beginners.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cCash Envelope System for Beginners | How to Start Budgeting | Budget for Beginners\u201d here (opens in new window).<\/a><\/p><\/section>\r\n<h2>Saving Money<\/h2>\r\n<p>Check out this video for eight actionable tips for saving money while you\u2019re in school.<\/p>\r\n<section class=\"textbox watchIt\"><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/HsMT_XKA4G8\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><br \/>\r\n<p>You can view the\u00a0<a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Quantitative+Reasoning+-+2023+Build\/Transcriptions\/How+To+Save+Money%2C+No+Matter+How+Much+You+Earn.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cHow To Save Money, No Matter How Much You Earn\u201d here (opens in new window).<\/a><\/p><\/section>\r\n<h3>Everything you need to know about savings<\/h3>\r\n<p>This video is part of a series called \"The College Student's Guide to Money\" and it outlines even more information about\u00a0<a href=\"https:\/\/www.youtube.com\/watch?v=sighDv4QqxY\" target=\"_blank\" rel=\"noopener\">different types of savings accounts and what they are for<\/a>, including emergency savings and retirement savings.<\/p>\r\n<p>You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Quantitative+Reasoning+-+2023+Build\/Transcriptions\/Everything+You+Need+to+Know+About+Savings.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cEverything You Need to Know About Savings\u201d here (opens in new window).<\/a><\/p>","rendered":"<section class=\"textbox learningGoals\">\n<ul>\n<li>Explain budgeting strategies and their advantages and disadvantages<\/li>\n<li>Create a personal budget<\/li>\n<li>Identify factors that affect financial savings<\/li>\n<\/ul>\n<\/section>\n<h2>What is a Budget?<\/h2>\n<section class=\"textbox watchIt\"><iframe loading=\"lazy\" src=\"\/\/plugin.3playmedia.com\/show?mf=10356050&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=xEPHsUtLFDA&amp;video_target=tpm-plugin-fldqchhw-xEPHsUtLFDA\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe><\/p>\n<p>You can view the\u00a0<a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Quantitative+Reasoning+-+2023+Build\/Transcriptions\/It's+a+Money+Thing+-+Budgeting+Basics.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cIt&#8217;s a Money Thing &#8211; Budgeting Basics\u201d here (opens in new window).<\/a><\/p>\n<\/section>\n<section class=\"textbox watchIt\"><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/sVKQn2I4HDM\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>You can view the\u00a0<a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Quantitative+Reasoning+-+2023+Build\/Transcriptions\/Budgeting+Basics!.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cBudgeting Basics!\u201d here (opens in new window).<\/a><\/p>\n<\/section>\n<h2>Setting Up a Budget<\/h2>\n<section class=\"textbox watchIt\"><iframe loading=\"lazy\" src=\"\/\/plugin.3playmedia.com\/show?mf=10356051&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=7lHNMGoACdQ&amp;video_target=tpm-plugin-0h4tpnsg-7lHNMGoACdQ\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe><\/p>\n<p>You can view the\u00a0<a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Quantitative+Reasoning+-+2023+Build\/Transcriptions\/Budgeting+for+Beginners+-+How+to+Make+a+Budget+From+Scratch+2021.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cBudgeting for Beginners &#8211; How to Make a Budget From Scratch 2021\u201d here (opens in new window).<\/a><\/p>\n<\/section>\n<h2>The Envelope Method<\/h2>\n<p>Still not convinced that making and following a budget is doable? The following video describes a budgeting technique that&#8217;s very easy\u00a0and straightforward to follow: the &#8220;Envelope Budget.&#8221; Simply placing cash in labeled envelopes (one for each category or purpose)\u00a0each\u00a0month can be a very effective means of building healthy spending habits.<\/p>\n<section class=\"textbox watchIt\"><iframe loading=\"lazy\" src=\"\/\/plugin.3playmedia.com\/show?mf=6890480&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=Ov0sy5AH9PI&amp;video_target=tpm-plugin-k4iuzz1o-Ov0sy5AH9PI\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe><\/p>\n<p>You can view the\u00a0<a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Quantitative+Reasoning+-+2023+Build\/Transcriptions\/Cash+Envelope+System+for+Beginners+%7C+How+to+Start+Budgeting+%7C+Budget+for+Beginners.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cCash Envelope System for Beginners | How to Start Budgeting | Budget for Beginners\u201d here (opens in new window).<\/a><\/p>\n<\/section>\n<h2>Saving Money<\/h2>\n<p>Check out this video for eight actionable tips for saving money while you\u2019re in school.<\/p>\n<section class=\"textbox watchIt\"><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/HsMT_XKA4G8\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>You can view the\u00a0<a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Quantitative+Reasoning+-+2023+Build\/Transcriptions\/How+To+Save+Money%2C+No+Matter+How+Much+You+Earn.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cHow To Save Money, No Matter How Much You Earn\u201d here (opens in new window).<\/a><\/p>\n<\/section>\n<h3>Everything you need to know about savings<\/h3>\n<p>This video is part of a series called &#8220;The College Student&#8217;s Guide to Money&#8221; and it outlines even more information about\u00a0<a href=\"https:\/\/www.youtube.com\/watch?v=sighDv4QqxY\" target=\"_blank\" rel=\"noopener\">different types of savings accounts and what they are for<\/a>, including emergency savings and retirement savings.<\/p>\n<p>You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Quantitative+Reasoning+-+2023+Build\/Transcriptions\/Everything+You+Need+to+Know+About+Savings.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cEverything You Need to Know About Savings\u201d here (opens in new window).<\/a><\/p>\n","protected":false},"author":15,"menu_order":11,"template":"","meta":{"_candela_citation":"[]","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"part":89,"module-header":"fresh_take","content_attributions":[],"internal_book_links":[],"video_content":null,"cc_video_embed_content":{"cc_scripts":"","media_targets":[]},"try_it_collection":null,"_links":{"self":[{"href":"https:\/\/content.one.lumenlearning.com\/quantitativereasoning\/wp-json\/pressbooks\/v2\/chapters\/2369"}],"collection":[{"href":"https:\/\/content.one.lumenlearning.com\/quantitativereasoning\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/content.one.lumenlearning.com\/quantitativereasoning\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/quantitativereasoning\/wp-json\/wp\/v2\/users\/15"}],"version-history":[{"count":15,"href":"https:\/\/content.one.lumenlearning.com\/quantitativereasoning\/wp-json\/pressbooks\/v2\/chapters\/2369\/revisions"}],"predecessor-version":[{"id":15403,"href":"https:\/\/content.one.lumenlearning.com\/quantitativereasoning\/wp-json\/pressbooks\/v2\/chapters\/2369\/revisions\/15403"}],"part":[{"href":"https:\/\/content.one.lumenlearning.com\/quantitativereasoning\/wp-json\/pressbooks\/v2\/parts\/89"}],"metadata":[{"href":"https:\/\/content.one.lumenlearning.com\/quantitativereasoning\/wp-json\/pressbooks\/v2\/chapters\/2369\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/content.one.lumenlearning.com\/quantitativereasoning\/wp-json\/wp\/v2\/media?parent=2369"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/quantitativereasoning\/wp-json\/pressbooks\/v2\/chapter-type?post=2369"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/quantitativereasoning\/wp-json\/wp\/v2\/contributor?post=2369"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/quantitativereasoning\/wp-json\/wp\/v2\/license?post=2369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}