Section 2.2 Focus

In this section, you will learn about sources and types of income, reasons to save, types of expenses, reasons for spending money, and cash flow management across time. Spending plans and budgeting are introduced.

Read

Index Card - Introduction (pages 1 - 15).

Your Spending, Your Savings, Your Future PDF (pages 5 - 11)

View the PDF: Consumer Tips on Managing Spending (CFPB Worksheet)

Watch

There are five short videos relevant to this topic. Expand the header to view the videos.

Cash Flow Management: Income, Savings, & Expenses

Cash Flow Management: Financial Health Indicators

Spending for Happiness

Prof. Terrance Oden highlights key points from the book: Happy Money, the Science of Smarter Spending by Elizabeth Dunn and Michael Norton.

Budgeting Basics! | Two Cents

Unit pricing helps you save money at the grocery store | Consumer Reports

To learn about a money saving strategy, watch this short video (1 min 47 sec) "Unit Pricing Helps You Save" from Consumer Reports.

Your To-Dos

Knowledge Check 2. Income, Saving, and Expenses (Cash Flow Management)

Create an Initial Budget (Using this One-page Tool Fillable PDF). It will provide the opportunity to apply what you learned about income and expenses, but it won't be submitted for credit. Many of you indicated in Discussion 1 that you wanted to learn about budgeting. This will get you started, though it will be revisited again.