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Creating a Budget


Personal finance starts and ends with a good budget. A budget tells you what you’re able to spend given your current financial situation. First, you need to think about your networth– what you own versus what you owe, which we’ll start with in this module. After you understand your net worth, you can start thinking about your income and expenditures, creating a schedule and moving forward building both savings and good credit.


  1. Goal of this first section is to create a budget.
  2. Net worth is what you own minus what you owe.
  3. Earnings vs. Expenditures, Scheduling, and Savings Tips