Consider a  FUTURE personal budget and answer ALL of the following questions: let suppose you save $ 208 currently & saving $2015 monthly.
1. If your "Net Amount Left" row was negative, where might you cut back to break  even or make a surplus? Why?
2. If your "Net Amount Left" row was positive, for what purpose(s) will you save the  surplus? How much surplus will you allocate to each of the following areas: children's education, retirement savings, etc.?
3. If your "Net Amount Left" row is zero, what will you do to generate surplus so you  can save for your future? What will you cut back on? How much will you cut back in  each category?

Answer the following questions:
1. Imagine that it is 5 years after you graduate from Mohawk College and you suddenly  are faced with a decline in your monthly income. What spending areas would you reduce first? Why?
2. You can learn great deal about budgeting from what other people do. Interview a  person or couple that you believe have good financial goals and savings habits.
a. What actions do they take to determine and achieve their various financial  goals?
b. What are three saving habits you like that they shared that you might  incorporate into your budget?
c. What did you like about these three habits that made you think to use them in  your own planning?