On Tuesday's class we learned about The Budgeting Process and the Consumers Law, Mr. P, had explained this law. On Wednesday we finished up learning about The Budgeting Process
Conservative Budget:
> Underestimates income and overestimates expenses.
Surplus:
> Amount of something left over when requirements have been met.
> More than what is needed or used; excess.
Deficit:
> The amount by which something, especially a sum of money, is too small.
> An excess of liabilities over income or assets in a given period.
Thursday (October 10):
*Remember that:
Tomorrow > Presenting "Financial Planning"
October 15 or 18 > iPhoto Project is due
End of this unit > Budgeting Project*
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