-MINA'S BUDGET-

  • 1. Make a list of everything you spend for a couple of weeks

- I spend $10 just about every other Saturday to enjoy time out with my friend

  • 2. For the same time period, record everything you earn and its source

- I earn about $25 every 3 weeks from my allowance

  • 3. Now that you have recorded, analyze it. (Conclusion)

- I could plan to hang at my friends' houses instead of going out to cut down spending money. I already don't make much so it isn't necessary to spend $10 every other week.

  • 4. It is a good idea to have a little extra for hard times. (Why?)

- Yes, definitely, it's a great idea to have a little extra money for hard times because during those hard times anything can happen and sometimes money is extremely necessary to make sure those hard times can be easily handled.

  • 5. Monitor your spending. (Why should I monitor my spending?)

- It's a good idea to monitor spending because I can observe my patterns and understand what is unnecessary or necessary to buy. This way I can make sure to manage my money in a way that I can save it for emergencies and also enjoy the money that I do have.

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