Not managing earnings properly can lead to financial instability. In this lesson, we will cover the importance of budgeting earnings and how it can help individuals make better financial decisions. Budgeting earnings is a crucial skill that allows individuals to track their income, prioritize expenses, and save for future goals.

By creating a budget for earnings, individuals can have a clear picture of where their money is going each month. This helps in identifying areas where expenses can be reduced or eliminated, leading to better financial health. Budgeting earnings also encourages individuals to save a portion of their income, helping them build a financial safety net for emergencies.

Key Lesson Concepts:

• Importance of budgeting earnings
• Tracking income and expenses
• Prioritizing expenses and saving for future goals