How to Make a Budget

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

-Food, Clothes, Nails and Hair

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

$25 a week on my card and $20 a week for lunch.

3. Analyze it (Conclusion)

I think i can do without getting my nails done and getting clothes every week but other than that im good on money.

4. Is it a good idea to have a little extra for hard times (why?). Yes because if you need something and you are out of money, but if your parents give you a little extra you would have enough to get what you need.

5. Monitor your spending (why should i monitor my spending?) You should monitor it because if you owe something or need something later on in the week and you spent it then you dont have enough but if you monitor it you will have enough.

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