Practical Applications
## Smart Spending
Budgeting means planning how to use your money. You list your income (money you get) and expenses (money you spend).
### Making a Budget
- Write down your allowance and any gifts.
- List expenses like snacks, games, or gifts you buy.
- Make sure you don't spend more than you have!
### Everyday Examples
Budgeting helps you save for new shoes or a trip with friends. It's a life skill everyone needs!
Examples
- Planning how to spend $30 for a school field trip.
- Saving part of your allowance each week for a big purchase.