Introduction

Do you know what a budget is? This unit is about budgeting - it is an important skill in helping you to live within your means - that is, spending no more money than you have coming in. In this unit, you will:

Understand what a budget is, and see the benefits of having one
Have the skill to draft a budget
Know how to change a budget when your circumstances change
Know how to adjust a budget to save for something expensive in the future