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learn-pr/philanthropies/apply-budgeting-method/3-knowledge-check.yml

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@@ -27,17 +27,17 @@ quiz:
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isCorrect: false
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explanation: Incorrect. That's not how zero-based budgeting works.
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- content: In the 50/30/20 budgeting method, what percentage is allocated to savings? following is a need?
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- content: In the 50/30/20 budgeting method, what percentage is allocated to savings? Following is a need?
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choices:
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- content: 50%
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- content: Fifty percent
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isCorrect: false
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explanation: Incorrect. Needs take up 50%.
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- content: 30%
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explanation: Incorrect. Needs take up fifty percent.
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- content: Thirty percent
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isCorrect: false
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explanation: Incorrect. Wants take up 30%.
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- content: 20%
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explanation: Incorrect. Wants take up thirty percent.
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- content: Twenty percent
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isCorrect: true
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explanation: Correct! Savings are allocated 20%.
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- content: 10%
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explanation: Correct! Savings are allocated twenty percent.
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- content: Ten percent
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isCorrect: false
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explanation: Incorrect. Savings should be 20%, not 10%.
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explanation: Incorrect. Savings should be twenty percent, not ten percent.

learn-pr/philanthropies/apply-budgeting-method/6-check.yml

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choices:
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- content: Needs, Wants, and Debt.
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isCorrect: false
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explanation: Incorrect. Debt is not one of the primary categories in the 50/30/20 rule.
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explanation: Incorrect. Debt isn't one of the primary categories in the 50/30/20 rule.
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- content: Needs, Debt, and Savings.
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isCorrect: false
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explanation: Incorrect. Debt isn't part of the original 50/30/20 structure.

learn-pr/philanthropies/apply-budgeting-method/includes/1-introduction.md

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@@ -4,9 +4,9 @@ Have you ever wished your money could last longer or help you save for something
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Reflection Activity: Think about how you currently spend your money. Do you make a plan for it, or do you spend it as you get it? How could budgeting change your habits?
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Just like you might use different tools to solve different problems, budgeting methods are tools that help you handle your money. Each method has its own strengths and ways of making sure your money works for you. Some methods focus on saving first, while others help you stay disciplined by keeping track of every dollar. Learning about these methods will not only help you spend wisely today but will also build habits that can help you throughout your life.
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Just like you might use different tools to solve different problems, budgeting methods are tools that help you handle your money. Each method has its own strengths and ways of making sure your money works for you. Some methods focus on saving first, while others help you stay disciplined by keeping track of every dollar. Learning about these methods won't only help you spend wisely today but will also build habits that can help you throughout your life.
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Here's what we'll explore today:
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Here's what we explore today:
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1. **Zero-Based Budgeting** - A way to give every dollar a purpose.
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1. **Pay-Yourself-First Budgeting** - Prioritizing your savings before anything else.

learn-pr/philanthropies/apply-budgeting-method/includes/5-put-your-budgeting-skills-into-action.md

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- Saving for a Big Goal
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1. Open Microsoft Copilot.
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1. Choose a big savings goal, such as a laptop, bike, or gaming console.
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1. Choose a large savings goal, such as a laptop, bike, or gaming console.
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1. Find out the total cost of your goal.
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1. Select a budgeting method, such as zero-based budgeting, pay-yourself-first, the envelope system, or the 50/30/20 rule.
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1. Ask Copilot: "How long will it take to save **total cost** using **chosen budgeting method** if I save **amount** per week or month?"
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1. Review Copilot's calculation to see how many weeks or months it will take to reach your goal.
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1. Review Copilot's calculation to see how many weeks or months it takes to reach your goal.
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1. Ask Copilot: "How can I save faster?" to explore ways to adjust your budget.
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1. Consider making changes, such as cutting unnecessary spending or increasing your savings amount.
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1. Write down or save your savings plan for future reference.
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`graphic: comparison chart showing the strengths and weaknesses of each budgeting method`
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Budgeting isn't about restricting what you can do—it's about making sure your money helps you do more. By starting small and staying consistent, you can build habits that will help you achieve both short-term and long-term goals. Remember, every dollar counts, and the choices you make today can set you up for success in the future.
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Budgeting isn't about restricting what you can do—it's about making sure your money helps you do more. By starting small and staying consistent, you can build habits that help you achieve both short-term and long-term goals. Remember, every dollar counts, and the choices you make today can set you up for success in the future.

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