Budget

http://www.rsa.neu.edu/wordpress/?p=1447 

http://imransarwar.com/wp-content/uploads/2011/01/budget1.jpg

1..  Why it is important to save

• The more you save now the more you will have for your future. setting aside a certain amount of money each month or year for your retirement will help you have a stable amount of money to help you when your done working. Also saving money and putting it into a separate account could help you out if there ever is an emergency. If I were you I would set aside a small amount of money every month and that money can go towards buying a house or car for your future or even help pay college loans. Spending now is okay, but make sure you don't waste all of your money right now. Think of what is to come in your life. 

2. Know the difference between fixed and flexible income

• Fixed Income: Income that you pay on a regular basis, such as a car payment or house payment
• Flexible income: More of a luxury payment such as gas bill or grocery store.

3. Know the difference between simple and compound interest

• Simple interest: interest that is added on from the initial payment
• Compound interest: interest that builds on top of the new balance after a previous interest payment

• http://www.bills.com/staying-out-of-debt/ 
• Three ways to help budget your money (video)

http://www.bing.com/videos/watch/video/nbc-today-show-3-ways-to-help-budget-your-money/cdd6a5df15fc7d0586fdcdd6a5df15fc7d0586fd-677214684181?q=how+to+budget+your+money&from=LKVR5&gt1=LKVR5&form=LKVR7&playersize=Large