I can see this is a blank teen budget plan template. This isn't a problem to solve - it's a worksheet that needs to be filled in with actual numbers.
To help you use this budget plan, here's what you need to do:
How to Fill Out This Budget Plan:
1.
Write the month at the top right (like "June" or "January")
2.
Income Section (top):
- List all money you receive (allowance, job earnings, gifts, etc.)
- Write the date and description on the left side
- Write the amount on the right side
- Add up all income amounts for TOTAL INCOME
3.
Expenses Section (middle):
- List everything you spend money on (food, entertainment, clothes, etc.)
- Write the date and what you bought on the left side
- Write the amount on the right side
- Add up all expense amounts for TOTAL EXPENSES
4.
Calculate Savings:
- Total Savings = Total Income minus Total Expenses
- If your expenses are more than your income, you'll have negative savings (you spent more than you earned)
Example:
- If you earn $100 (income) and spend $75 (expenses), your savings would be $25
- If you earn $100 and spend $120, your savings would be -$20 (you're short $20)
Would you like me to create a practice example with sample numbers so you can see how to fill this out?
Parent Tip: Review the logic above to help your child master the concept of teen budget worksheet.
