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Developing a budget
Set a time-frame (weekly, fortnightly, monthly).
Estimate your income.
Estimate all ‘incoming’ money, including wages from a job, pocket money, and cash gifts, such as birthday money.
Estimate required expenses.
These are bills you have to pay, such as taxes, mobile phone costs, transport costs, if you can, you should get into the habit of ‘paying yourself first’ which means including an amount to save.
Estimate discretionary expenses.…
How toGeneral resourcesThe budget – Sliced, diced and visualised
The budget – Sliced and diced and visualised
Linked activity:
Tax spending
InteractiveEconomics & BusinessYear 10Setting up your myGov account
What is myGov?
A myGov account lets you link to a range of Australian Government services with one username and password. You can use myGov to do things like lodge your tax return, look for a job, make Medicare claims, manage your Centrelink and check your super. You can also receive messages in your myGov Inbox from the government agencies you link your myGov account to.
What do you need before you start creating the account?
A computer or…
How toGeneral resources