MAKE A SAVINGS MODEL
Saving pocket money is always a difficult task. Sometimes you can have leftovers at the end of the month, at other times you don’t have enough.
If you had a savings plan, you could calculate how much you could save over a set period of time.
You can use a spreadsheet to figure out the money you receive (income) and the money you spend (expenses) each month. Then it can tell you your likely amount left over. If you did this for a few months, the spreadsheet would be able to show you if you are able to save money and how much.
Click on the picture to open an example savings model.
Print out the worksheet and complete it.
When you have finished with the data in the savings model, you could adapt it and put n your own real amount of pocket money and your expenses and make your own savings plan. See if you can save money or have nothing left over. Save your money for a rainy day!
This task should take you one hour to complete.
Savings model spreadsheet
Smart people save worksheet