Browse the Topics, Table of Contents, and Index
Follow us:
Twitter Facebook

2.4 Budgeting

2.4 Budgeting
  • Math Help

    One would think that all budget systems are set up the same way. However, if you check several different systems on the Internet, you will see that they vary. In the system we are presenting, you need to remember that an expense is money you spend. So a difference of $12.40 is an expense of $12.40 that you did not have to make. This means that your actual expense on groceries is 12.40 less than you budgeted.

    In this budget system, a red (or negative) entry for income is "bad" because you didn't get as much income as you budgeted.

    A red (or negative) entry for expense is "good" because you didn't spend as much as you budgeted.

  • Consumer Suggestion

    It's never too late to start budgeting your money. For help, check out, a free site that offers tools to help you manage your money and set a budget.

  • Checkpoint Solution

    Subtract the amount in the second column from the amount in the first column.

    In some budget systems, the entry $3.54 is listed as ($3.54).

  • Comments (1)

    These comments are not screened before publication. Constructive debate about the information on this page is welcome, but personal attacks are not. Please do not post comments that are commercial in nature or that violate copyright. Comments that we regard as obscene, defamatory, or intended to incite violence will be removed. If you find a comment offensive, you may flag it.
    When posting a comment, you agree to our Terms of Use.

      ____       ___      ______   __   __    ______  
     |  _ \\    / _ \\   /_____//  \ \\/ //  /_   _// 
     | |_| ||  | / \ ||  `____ `    \ ` //   `-| |,-  
     | .  //   | \_/ ||  /___//      | ||      | ||   
     |_|\_\\    \___//   `__ `       |_||      |_||   
     `-` --`    `---`    /_//        `-`'      `-`'   
    Showing 1 comments
    Subscribe by RSS
    system user
    Cody (moderator)1 decade ago |
    If you want more tips on how to be budget conscious head over to the "math in the news" section of our blog.