Now that you have watched your spending and income for a month,$$you can now create a budget.$$ This is Step $3.$ There are forms available on the internet, at "Every Dollar" on Dave Ramsey's web site,$$or on various phone$$apps$($Mint$).$ Plug in the numbers for each of your spending categories. Then create a budget of what you would like to spend in the months moving forward. Share with the class what you have learned about your spending habits.$$ Include where you believe you can change to allow for an increase in your savings. Remember that even $$25$ can make a difference. Using Google, go to "Investment and Retirement Calculator at DaveRamsey.com". $$Plug in small amounts to see the impact of saving over the course of your life. What amount do you need to save each month so that you can retire with a million dollars $($assuming $10\%$ return on your investment$)?$

What changes in behavior can you take to improve on your savings? Why should you review your spending and create a budget at least $1$x annually?$$What $\%$ are you able to save and what is your goal?$$ Most Americans save $2\%$ or less. Other cultures $($ie$.$ Japanese$)$ save $10\%$ or more. How can you meet the target of $10-15\%$ savings so that you can become Financially Independent and maybe retire in your $40\text{'}$s$?$