How to Make a Budget Work

CHAPTER 2, LESSON 5

NAME DATE

DIRECTIONS
Watch the “How to Make a Budget That Actually Works for You” episode of The Rachel Cruze Show
(www.youtube.com/watch?v=FUA_hirrEV8) and complete the responses below.

Before You Watch

1. Describe your current thoughts about budgeting. Have you or your family members
ever created a budget before? Why or why not?
I have created a budget now that I have got a job I started a bank account and got a budgeting
book on amzon to track my expenses.

While You’re Watching

2. Take note of your thoughts, lightbulb moments, and reactions as you watch.

FO U NDATI O N S I N PERSONAL FI NANCE PAGE 1 O F 3

 How to Make a Budget Work
CHAPTER 2, LESSON 5

After You Watch

3. Have any of your thoughts about budgeting changed as a result of watching the video?
If so, how?
I dont feel as nervous and I want to start budgeting.

4. What do you think will be the hardest part for you when it comes to sticking to a budget
every month? What will be the easiest part for you?
List out all my money into different parts for like food and dog food and relized how much moeny
iam spmeding and have nothing left. But I think it will be easy with the every dallor app.

5. In the video, we heard a married couple share about their experiences with budgeting.
Identify one aspect of their story that you can relate to. Describe it below.
They talk about how they have inconsitst income, she talks about the four walls which is the basic
needs.

6. What connections can you make between the 7 Baby Steps and The Five Foundations?
That both of them are kinda alike you have to save 100 and the five foundtion you have to save 500
emergency fund. It gives you steps what to do if you ned to budget for a kid or just for yourslef in
life, but they help alot when you need to track your money and save money.

FO U NDATI O N S I N PERSONAL FI NANCE PAGE 2 O F 3

 How to Make a Budget Work
CHAPTER 2, LESSON 5

7. Rachel explains that your monthly income minus all of your expenses
should equal zero . What does that mean you should do with every dollar of
your income?
Every dallor should be assigned a category/ name

8. Lots of people say that every month is different, so planning ahead is difficult. How
does Rachel explain budgeting is still possible? What happens when you have to spend
money you didn’t plan to spend?
Plan ahead
misc

9. What is a financial goal you have for your future? How can budgeting help you achieve
that goal?
I want to save up for a nice house and not be indept after it so im going to start budgeting quick.

10. What is an important key point you want to remember from this video?
Budget and get the zero dallor app

FO U NDATI O N S I N PERSONAL FI NANCE PAGE 3 O F 3