Budgets
When we spend more money than we earn, we experience a “budget deficit”. The U.S. government has been spending more than in takes in for many years now, and the result is a national debt of about $19 trillion. For most young people, though, budget deficits are not an option. If we want to buy something, we need to save up for it. That means that we put our allowances or money we earn into a savings account rather than spending it right away....