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It's Your Paycheck Lesson 4

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.