Consumer.gov Lesson Materials: Making a Budget



Partner Talk: Making a Budget(Low Intermediate and Above)Teacher: Edit this handout to include only the 10-12 words you need or want to emphasize with your learners.WordExample SentencePartner Talk Sentenceadd upSmall expenses can add up to a lot of money.billPay your bills when they are due.budgetA budget is a plan for how to spend your money.credit cardPay your credit card bill every month.credit unionPut money into savings at a credit union.duePay your bills when they are due.emergencyA budget will help you save money for an emergency.expenseAn expense is money you spend.expensiveYou can save money to buy expensive things.gatherTo start making a budget, gather your bills and pay stubs.goalMy goal is to visit my family next year.incomeYour income is how much money you make.interestYou pay interest on the money you owe.late feeIf you pay your bill late, you pay a late fee.make (money)You are spending more money than you make.moneyIt can be hard to save money.oweYou pay interest on the money you owe.paycheckI put my paycheck in the bank.pay stubLook at your pay stubs to see how much money you made.run out ofIf you spend too much, you will run out of money.savings (account)Put some money in a savings account every month.security depositThe security deposit for the apartment is$500.separateKeep your savings in a separate bank account.spendWrite down how much you spend each month.subtractSubtract your expenses from your income.utilitiesThe electric company is a utility.zeroI spent all my money. Now I have zero dollars. ................
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