Do you think a budget is helpful? Why or why not? Do you think $52,500 is a lot of money for a family of 4? What should you consider doing if this is not enough money (i.e. getting a second job or a night time shift?) What do you think about how much is taken out for taxes? Have you decided whether you want a parent to stay home and raise the children (and/or work from home) or whether you would like your children in daycare? This will affect both your income and your budget (childcare expense, Loss of 1 income). This something worth discussing before one gets married and buys a home. If you desire to have a parent raise the children, decide this before taking on a large mortgage!

When do you think people should start thinking about retirement? What options do you have for retirement (i.e. a 401K through your work, IRA, other investments?) What are some reasons why you should not depend on an inheritance from your parents to retire on? What do the experts from credible online sources say about retirement?

sources: 2 outside sources besides your textbook. Outside sources include but are not limited to credible online news sources (New York Times, Wall Street Journal, Washington Post, USA Today, Forbes, US News & World Report, Newsweek, Time, etc), academic/scientific articles, credible money websites.