Why should we make a budget? Making a budget helps us track our spending, prioritize financial goals, and ensure we’re living within our means.”
During this week, we had the pleasure of hosting Mr. Oliver Grech for an insightful talk on finances.
Our students gained valuable knowledge on:
steps/rules on how to make a budget
Difference between needs (the essentials for survival and well-being, like food, shelter, and healthcare) and wants (the desires that enhance quality of life but aren’t necessary for survival, like vacations or luxury items)
Spending money wisely – prioritize needs over wants, differentiate between impulse and planned purchases, compare prices, and seek value for money. Save for emergencies and invest for the future.
