6.01K%20HOUSEHOLD%20BUDGETING%20and%20the%20FOOD%20SPENDING%20PLAN

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6.01K HOUSEHOLD BUDGETING and the FOOD SPENDING
PLAN
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HOUSEHOLD BUDGETS

• What is/are.
• A budget?
• A meal manager?
• Income?
• Fixed Expenses?
• Flexible Expenses?
• Food Spending Plan?

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A budget is .

• a plan for budgeting money

6.01K Household Budgeting and The Food Spending
Plan
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A meal manager is

• someone who uses resources to plan, prepare, and
  serve food.

6.01K Household Budgeting and The Food Spending
Plan
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Income is

• money received.

6.01K Household Budgeting and The Food Spending
Plan
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Fixed expenses are

• a fixed amount of money paid on a regular basis
  such as rent and installment loans.

6.01K Household Budgeting and The Food Spending
Plan
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Flexible expenses are

• regularly recurring costs that may vary in amount
  such as utility bills, food, and clothing.

6.01K Household Budgeting and The Food Spending
Plan
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A Food Spending Plan is

• a method to help you spend your food dollars
  wisely.
• This means
• Getting the most for your money
• Getting the highest quality for your money
• Getting the most nutrition for your money

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6.01K Household Budgeting and The Food Spending
Plan
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How Do I Budget?

• List monthly take home pay
• Subtract fixed expenses
• Subtract flexible expenses
• Total leftover income after expenses for food
  and savings

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6.01K Household Budgeting and The Food Spending
Plan