Budgeting Basics: Budgets

Issued by Federal Reserve Bank of St. Louis

This module shows how a budget can help you achieve your financial goals. You’ll learn about the basic categories of a budget, analyze a realistic budget, and create a budget for yourself.

Type Learning
Level Foundational
Time Hours
Cost Free

Additional Details

Skills

Analyze a prepared budget
and periodic expenses
Apply knowledge of expenses to a prepared budget
Define fixed expense
Define periodic expense
Define variable expense
Differentiate between fixed
variable

Earning Criteria

To earn this badge you will read content, analyze a budget, and complete an assessment.

Standards

Spending 12-1

A budget helps people achieve their financial goals by allocating income to necessary and desired spending, saving, and philanthropy.