Explore your personal meals costs by examining your bank account records, credit card bills, or other financial information for the last month.

REQUIRED

A. Use your last month’s financial information to develop an estimate for the cost of meals (groceries and meals eaten away from home) for next month.

B. Develop an estimate for next month’s meals costs using zero-based budgeting. Decide the kinds of food and types of meals you will eat and then develop estimated costs for the groceries and meals eaten away from home.

C. Explain what happened to your budget when you used zero-based budgeting. List one advantage and one disadvantage of using zero-based budgeting for your meals costs.