a plan for how to spend your money what is a budget?
Post on 30-Dec-2015
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A plan for how to spend your money
What is a budget?
How do you spend your money each month?
Work with a small group to make of list of things you spend money on each month. For example:
•Rent•Groceries
Work together with a partner to figure out Mark’s budget.
Please help Mark make a budget.Mark earns $3700 per month at his full time job. He
rents an apartment for $1560 per month. He pays $350 per month for his car payment. He also spends $40 dollars per week on gas. The insurance on the car is $95 per month.
Each month he pays $25 for the water bill. The electricity bill is about $50. Mark pays $70 for cable, phone and internet. He pays $55 per month for his cell phone.
Mark is single and eats out a lot. He spends 80 dollars a week on restaurant lunches. He is interested in finding a wife so he is dating a lot. He has a date every Friday night and spends $70 on dinner and a movie or the theater. He doesn’t cook, so his grocery bill is only about 100 dollars per month.
Mark is trying to save money for a down payment on his first house. How much is Mark able to save per month?
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