A budget is an estimate of income and expenses over a certain amount of time. Budgets are an important thing for teens to conduct because teens are starting to get jobs and would have an easier time saving and setting goals for something they want. To make a budget, you would need to determine the exact amount you make and the exact amount you spend and write or chart it. Making a budget is a great way to get someone to cut down on saving money. This is because a budget is realistic. Once you make a budget, you need to follow it so that you can save money and not go into debt.
For more information on budgeting, go here http://money.cnn.com/magazines/moneymag/money101/lesson2/index.htm
For more information on budgeting, go here http://money.cnn.com/magazines/moneymag/money101/lesson2/index.htm