GRAB A PENCIL, LET’S HAVE SOME FUN!
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Kids Activity Cito’s $100 Dog budget
Cito is very excited about his new puppy! Monty gave him $100 to buy things to help take care of his dog. Help Cito make a budget (a plan for how to spend your money), by choosing from the pet store items below. Remember to think about how much you have to spend, and what is really a need (food) and what is really a want (dog toys).
Dog Carrier: $30
Water Bowl: $20
Collar: $10
Dog House: $30
Food Dish: $5
Dog Food: $30
Pajamas: $20
Dog Bed: $30
Treats: $5
Animal Toys: $5
Necklace: $30
Leash: $20
Cito’s Dog Budget $100
Income from Monty Total Items Purchased at Pet Store
minus $
Total Leftover for Future Expenses
present
Financial Literacy Month
Weekly activities to sharpen your financial savvy!
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Week Three budgeting
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adult Activity Spending journal Tracking your purchases on a daily basis can make you more aware of how you are spending your money and help identify areas for improvement. People often believe they are spending money one way, but an exercise like this can reveal that they are spending it differently. A good rule of thumb is to target your monthly spending to align with the recommended monthly spending amounts, shown on the right. When paired with a monthly spending journal, you can track and see what categories your spending falls into and review how closely your monthly purchases align with the recommendations.
Access the Spending Journal Use the QR code or visit montecito.bank/FinLit
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THE INDEPENDENT
APRIL 15, 2021
INDEPENDENT.COM
Housing 25%
Personal Items 15% Savings 10%
Other 5%
Food 20%
Transportation 15% Utilities 10%