by Tonya Mason Branch
Budget: an estimate of income and expenditure for a set period of time.
My daughter is in her fourth year of college. Throughout her high school and college years, she has excelled in math, breezing through algebra, geometry, trigonometry, and calculus. But the one course that she has not taken is consumer math. A consumer math course applies basic math skills to real life situations, like shopping, calculating taxes, estimating monthly budget, calculating an interest rate for a loan, etc. It is all about teaching young adults how to responsibly spend and save, preparing them to make better financial decisions.