Basics of Budgeting - Financial Literacy 101
Revenues, Expenses, Discretionary Income
Basics of Budgeting - Financial Literacy 101 free download
Revenues, Expenses, Discretionary Income
The Basics of Budgeting - Financial Literacy 101, is for anyone who wants to begin the step towards gaining financial literacy. It doesn’t matter what your current situation is, an understanding of how to effectively budget will assist in improving your situation in real time.
The Basics of Budgeting - Financial Literacy 101 covers a detailed overview of the following concepts: Revenues, Expenses, Discretionary Income. There is a review quiz attached to each lecture, and for the first three classes, a demo video detailing how to apply the concepts discussed in real time. The spreadsheets created in the demo displays are attached to the section where each lecture video is uploaded.
There is also a what-if scenario included in this class series to further help you understand how to prioritize your list of Expenses, why it's necessary, and what to do when the numbers aren't working and the Discretionary Income calculated isn't in your favor. The good and the bad are covered to provide a balanced perspective and a complete understanding of what to do should you find yourself in either situation.
To get the most out of this course, it's best for the students to immediately apply the concepts discussed, while simultaneously watching the lecture videos provided. The lecture videos are formatted in a way that makes this transition harmonious. Full comprehension of the concepts covered in this course will undoubtedly lead to a better financial mindset, and eventually a life of less stress and a better work-life balance.
