Investing for Kids Lessons – Budget Planning from Warren Buffett

Share it with your friends Like

Thanks! Share it with your friends!

Close

Investing for Kids Lessons – Budget Planning
Forex On The Go – George Soros and Judy Woodruff on Bloomberg TV
https://www.youtube.com/watch?v=Z5RIMX4_MCU

George Soros 2014 Charlie Rose Interview About Best Forex Strategy
https://www.youtube.com/watch?v=Auuy7XVUptQ

George Soros’ Prediction For 2015
https://www.youtube.com/watch?v=TEzrIdT4FM8
Jim Rogers Advice To Beginner Investor ‘don’t Listen To Me, You’ll Go Broke’
http://youtu.be/z_eByuqfCr4

Jim Rogers Investing Tips – Follow The Money
http://youtu.be/Ze7U3l06Vfs

Jim Rogers Investing Tips – Sell Everything & Run For Your Lives
http://youtu.be/RceIFowkpqQ

Jim Rogers Investing TIps – Learns To Trade
http://youtu.be/l6i7ncbd6EE

Jim Rogers Tips On Gold And Real Assets
http://youtu.be/riZN23vZcWU

Jim Rogers On Shorting Stocks & Where To Invest Now Tips
http://youtu.be/IhnFTyeyDeI

Jim Rogers & Glenn Beck – Learn “Street Smarts” Book in Video
http://youtu.be/NWLO5ZbdOyg

Jim Rogers Why invest in Singapore?
http://youtu.be/8O66BOsp7_Y

Jim Rogers November 2014 – Talk about Young Investor
http://youtu.be/CMIfnrXVWf8

How to profit in Financial Crisis, Jim Rogers Interview
http://youtu.be/7xNxIA0RJD8

A budget, or spending plan, will help you cover all your needs, wants, expenses, and saving goals. It requires three things:
Knowing how much money you spend
Knowing your saving goals
Managing your money
Let’s start by creating a weekly budget. You can view and print out our blank Budget Sheet, then follow these steps:
Write the month, week, and year at the top. For example, September 1-7, 2004.
Think about your sources of income. Where do they come from? Allowance? Earnings? Gifts? A combination of all three? Under “INCOME,” list your income sources on the left side of the page.
Under “AMOUNT,” write the amount of your income source. For example, if your allowance is $5.00 a week, write $5.00. If you make $2.00 for babysitting and $3.00 for yardwork this week, write down $5.00 for earnings. If you receive any money as a gift, write down the amount you got.
Add your income amounts together and enter the amount where it says “INCOME TOTAL.”
Now, think about your fixed expenses. Do you have to pay for lunch, bus fare, or any other regular expense? Fixed expenses can also be thought of as needs. Are there any items you need to buy regularly, such as lip gloss or shampoo? Also, “FIXED EXPENSES” is the section where you should keep track of your savings. If you consider your savings to be a regular fixed expense, you’re more likely to stick to your saving plan.
Again, on the left side, list your fixed expenses, and on the right side your fixed expense amounts. Add your fixed expense amounts together and enter them next to “FIXED EXPENSES TOTAL.”
Subtract your fixed expenses total from your income total and write it in the blank next to “INCOME TOTAL – FIXED EXPENSES TOTAL.” This is the amount you’ll have left for other expenses.
In the section titled “OTHER EXPENSES,” you’ll list all the things you want to spend money on, like entertainment, snacks, and clothes. This is also where you’ll list unexpected expenses.
Add the “OTHER EXPENSES” amounts together and enter your total. .
This video used under fair use. Commentary on description. Copyrigft still owned by owner. We just reshare it. .

All videos are from creative common. We use it under fair use.