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GLOBAL
FINANCE SERIES
GLOBAL
FINANCE SERIES
Powered by Financial Literacy HQ &
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Powered by Financial Literacy HQ &
Español Sin Fronteras
Module 1: BUDGETINGModule 1: BUDGETING
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Most students never learn how to manage
money
Poor money habits early = long-term
problems
Budgeting = control, freedom, and less stress
Why Budgeting MattersWhy Budgeting Matters
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What is a Budget?
A plan for how you
use your money
Helps you:
Track spending
Avoid
overspending
Save for goals
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Food
Subscriptions
Clothes
Entertainment
Transportation
Where Does Your Money Go?
Write down 3 things you
spend money on weekly
50% → Needs (food, transport, housing)
30% → Wants (fun, shopping)
20% → Savings
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The 50/30/20 Rule
Adjust based on your
situation, but use 50/30/20
as a general guide
50%
30%
20%
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Needs vs. Wants
Needs Wants
Spending without
tracking
Impulse buying
Ignoring small expenses
Not saving early
Small habits create big
outcomes
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Common Money Mistakes
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1.Track your
money for 1 week
2.Categorize
spending
3.Set limits
4.Adjust those
limits
How to Start Budgeting
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Quick Challenge
Track your spending
for...
days
Identify
thing you
can cut back on
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Know where your
money goes
Separate needs vs
wants
Start saving early
Small changes
matter and will
compound over
time
KEY TAKEAWAYS
USE THE
PERSONAL
BUDGET
TRACKER FOR
SMART
BUDGETING
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