Assignment: Budgeting

Learning Objectives

  • Identify the steps necessary to create a personal budget


  1. Review the How to Budget Using the Envelope Method below, or find another “how to budget” video of your choosing.
  2. Select one type of budgets suggested in the text or in the video.  Write down each step for the type of budget you selected.
  3. Complete each step using your own financial information.
  4. Do you think this process for creating a personal budget was helpful? Is there anything you’d change?

You can view the transcript for “Cash Budgeting Using the Envelope System | CASH ENVELOPES | Young Finances” here (opens in new window).


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