Budgeting: Managing Money - Tips to Avoid Overspending and

View Assessment X Budgeting: Managing Money (CI X + ment/d/1rWz7CbQijE_eiJvE8x64hTNAeaKf6EalLrqa4dfVoko/edit (CH4) * 3 Tools Extensions Help Normal text Arial 16 + B 6 Budgeting: Managing Money (CH4) Know your bank balance. Avoid bouncing a check or have a debit card rejected. Know what you spend, in particular, keep track of debit and credit spending. Don't buy on impulse. Think first; buy only if the purchase makes sense. . Make a budget, and don't overspend it. Make a Budget Determine your average monthly income. Be sure to include an average monthly amount for any income you do not receive monthly (such as once-a-year payments) Determine your average monthly expenses. Be sure to include an average amount for expenses that don't recur monthly, such as expenses for tuition, books, vacations, insurance, and holiday gifts. Determine your net monthly cash flow by subtracting your total expenses from your total income. Make adjustments as needed. M O