Making Money Choices
Learning how to budget now will teach you how to value your paycheck, save for the future and spend money on what makes you happy.
A lack of good budgeting skills will lead to frustration and an inability to get necessary supplies for comfortable living.
Housing Housing Options: Housing Costs: $150 Live with parents $1250 Rent an apartment Rent an apartment w/ 1 roommate Rent an apartment w/ 2 roommates Military housing $150 $1250 $625 $417 $0
Utilities Type of Utilities: Cost of Utilities: Cell Phone $80 Gas, electric, water and trash Satellite/Cable TV Internet $80 $150 $30
Food Food Options: Food Costs: I eat mostly at home I eat mostly fast food I eat mostly at nice restaurants $150 $250 $400
Entertainment $40 $100 $350 Type of Entertainment: Entertainment Cost: I don’t go out often, I watch TV or read a book I go out once or twice a week I go out all the time $40 $100 $350
Clothes Shopping Options: Clothing Costs: I don’t buy new clothes ever I buy a new outfit each month I shop every week or two $20 $100 $400
Transportation Type of Transportation: Transportation Costs: I don’t own a car, I walk or ride a bike I don’t own a car, I take public transportation (light rail/bus) or rideshare (Uber/Lift) I own a car, but have no loans $0 $ 75 $250
Savings Savings: Savings Amount: $0 $40 $80 $200 I am not able to save at this time I would like to save 5% of my monthly pay I would like to save 10% of my monthly pay I would like to save 25% of my monthly pay $0 $40 $80 $200
Personal/Miscellaneous Type of Expense: Expense Costs: Personal care products Pet care Other $60 $100 ???
How did you do?