Examine your budget and distinguish between wants and needs. shouldn't take more than 15 min. simply answer the questions and worksheets.

1.How do you define a financial need?

2.What are your fixed expenses?expenses you must pay regularly each week, month, or year?

3.Which of your budget categories must you provide for first before satisfying others?

4.To what extent is each of your expenses discretionary?under your control in terms of spending more or less for that item or resource?

5.Which of your expenses could you reduce if you had to or wanted to for any reason?

in your own words no copy paste and no plagiarism

Monthly Budget Expense Budgeted ATM fees/banking charges Automobile Gas Loan payments Maintenance Parking fees Cable TV Online video streaming subscriptions etc) Cell phone Data plan Misc., apps, etc. Child care Clothing, shoes Credit card payments Entertainment Drinks Concert tickets Movies Music downloads Video games Magazines/books Other Food and Beverages Coffee/tea Energy drinks Fast food (1 of 3) (Netflix, Hulu Plus, Actual Amount Savings/Loss Expense Eating out Groceries Sodas Snacks Insurance Auto Health Rental/Home Internet at home Laundry/drycleaning Pet care Public transportation Rent/mortgage School supplies Books Electronics Paper, toner Software Other Student loan payment Toiletries, personal care Tuition Utilities Electricity/gas Trash Water Budgeted Actual Amount Savings/Loss Expense Other Budgeted Actual Amount Savings/Loss Other Other TOTAL EXPENSES Income Budgeted Family support Actual Amount Gifts Pay from jobs (after taxes, plus tips) Scholarships Work-study pay Other Other TOTAL INCOME Income Minus Expenses Your total monthly income Your total monthly expense Subtract your expenses from your income and see if you are over or under budget Amount SAVINGS GOAL WORKSHEET List your short-, medium-, and long-term savings goals. Include an achievement date, total cost, and the amount you'll need to save each month to reach your goal. Before you write down the goal, ask yourself: \"Is this a need or a want?\" How you answer that question will help you prioritize your savings goals. Time Frame Short-term Medium-term Long-term Savings Goal Achievement Date Total Cost Monthly Savings Needed