1. AGENDA FRI 5/11 & Mon 5/14 Review 30 Days on Min Wage QOD # 36: Budget Process ‘Reality Check’ Budget Project Review HW: Complete Budget Project

2. QOD 36: Budget Process “Writing out a budget does not guarantee you will be successful at solving your money problems.” Do you agree or disagree? Explain. How can you ensure you will be successful in sticking to your budget? What challenges might you encounter when trying to stick to your budget?

3. B UDGETS Budgets are an organized plan for saving money The ‘steps’ for creating a budget 1) Determine your income and expenditures over the past year 2) Determine how much you are saving (should be viewed as expenditure to ensure you save!) 3) Review income, expenditures and savings – decide if you want to make any adjustments 4) Change the way you view saving Saving = Consumption Postponed 5) Write out a monthly budget

4. R EALITY C HECK AND B UDGET P ROJECT Go to www.cacareerzone.orgwww.cacareerzone.org Complete ‘ Reality Check’ find out how much you will have to earn to live the lifestyle you want Record your budget and 3 of the occupations that pay the salary you need Use this information to help with your cost of living project