Idea 16of 23Builds onSurplus, balanced or deficit
Fix a budget that is over
What do you change when a plan costs more than you have?
Today you'll discover
- which line to change first
- how much to change it by
- how to check the fixed plan
Think firstJo's plan is $5 over
Which change fixes Jo's $5 deficit best?
Decide first, then press Next. Look at the tags before choosing a line.
Jo's Saturday budget with tags: activity $12 (want), food $8 (need), gift for a friend $9 (want), save $6, total $35 against $30 in. The gift line is outlined. Then the fixed plan: a smaller gift, $4, total $30, the two bars equal, and $30 − $30 = $0: balanced. The last step shows Eli's plan, $2 over.
See the whole ideathe big idea and the key word, in one place
The big idea
To fix a deficit, cut or shrink a want before touching a need, until the plan fits.
Other fixesEarn more (an extra chore), wait a week, or find a cheaper way to do the same thing. Each one changes a line.
Easy to get wrongSaving more is money out too. Moving money into savings makes a deficit bigger, not smaller.
Key word
- adjust
- change a line of a budget, like making a want smaller, so the plan fits the money
Ready to use it?
- Fix a budget that is over.
- Check that the fixed plan balances.