In this lesson you will participate in a "Beat the Financial Expert!" game that illustrates positive and negative spending behaviors. You will also analyze the "Beat the Financial Expert!" results, identify effective and ineffective budgeting behaviors, and create a budget from a transaction history.
When you have finished this lesson you should be able to:
- Define budget.
- Define income and expenses.
- Give examples of effective and ineffective budgeting behavior.
- Identify principles of effective budgeting.