Budgeting For A Birthday Party 2

Activity Budgeting For A Birthday Party 2

1. Are you able to buy all of the items and stick to your budget of $100? ________________ 2. Calculate the balance of your party budget. _____________________________________ 3. Keeping in mind that you are catering for 11 people, go back through the list of items

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and decide which ones you could do without. Cross them off the list and recalculate your total expenditure and new balance. How much money were you able to save and keep for yourself? _________________________________________________________________ What might have happened if you went shopping without having a budget?

Suggest three reasons why it is important for individuals, families and businesses to keep

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a budget.

What possible challenges could a young person face when trying to stick to a budget?

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