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Illustration of Budgeting

Budgeting

Budgeting is the process of creating a plan to spend your money.

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The story

The Super Special Plan

Do you have yummy snacks or your favorite toys. I am the secret helper that makes sure you have enough to enjoy now, and some to save for later. It feels like knowing a happy secret. When you decide to eat one big cookie today and save one for tomorrow, that’s me. I am whispering a smart idea in your ear. I am your very own super special plan. My name is Budgeting.

A long, long, long time ago, before there were big shiny cars or tall buildings, farmers needed my help. Around the year 3500 BCE, they had big piles of little seeds. I helped them make a special plan. We decided which seeds were for planting to grow yummy new food. And we decided which seeds were for saving to eat during the cold, snowy winter. I helped them write their plans on soft clay blocks to remember. Because of my plan, their families were never hungry. They had happy, full tummies all year long. It was a very important job and I was so proud.

Today, I am still here to help you and your family make wonderful plans. I help plan for yummy food from the grocery store. I help plan fun trips for vacation. I can even help you save up for a new, fluffy pet. When you put shiny coins in your piggy bank to save for a toy you really, really want, that’s me cheering you on. Hooray. I am Budgeting, and I help make your biggest dreams come true, one little plan at a time.

Wow facts

About

Budgeting is the process of creating a plan to spend your money. This spending plan, called a budget, allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do.

Earliest form of resource tracking 3500 BCE (circa)
Modern term 'budget' first used for government finance 1733 CE (circa)

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Budgeting
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