NUMBER 3 AND 4

Step 3:Look critically at how someone else has chosen to handle their personal finances. Review"Susie Smith's Spending Profile"(Links to an external site.)

Links to an external site.

story, then customize her budget by eliminating spending categories, adding categories, or reallocating funds to help her save money.

Use thebudget calculator(Links to an external site.)

Links to an external site.

to edit Susie's budget.

Thenwritean explanation of the reasons for each and how much Susie saved because of your changes.

Step 4:After completing Susie's plan, you will be able to look at your individual financial situations with a new perspective and make adjustments where needed.Estimateyour earnings, expenses and savings using one of the budget worksheets below, you can download the spreadsheet to submit for grading and track your actual monthly expenses.

Use these tools:Adult College Student(Links to an external site.)

Links to an external site.

Traditional College Student(Links to an external site.)

Links to an external site.

Financial Assignment Financial Planning Assignment Your task is to create a budget. Step 1: Reflect on your money management and write a paragraph to answer the following question: What expenses are necessary while you're in college? Why are budgets beneficial? Why do people find it hard to stick to a budget? What budgeting methods have you heard of? How many methods have you tried? Step 2: Use the content and resources in Your Money Matters college guide to learn about the basics of living on a college budget and creating a spending plan. Answer the following questions: Which of the \"Make Your Money Matter\" tips on pages 2 and 3 would be easiest to implement? Which ones would be more difficult? Of the budgeting methods described, which ones would you like to try? What are the pros and cons of each? What moneysavings tips could you incorporate to reach your financial goals? YES, you are in control of determining your wants and needs and prioritizing how to handle them, you may actually find that budgeting isn't restrictive, it's empowering! Step 3: Look critically at how someone else has chosen to handle their personal finances. Review \" Susie Smith's Spending Profile \" story, then customize her budget by eliminating spending categories, adding categories, or reallocating funds to help her save money. Use the budget calculator to edit Susie's budget. Then write an explanation of the reasons for each and how much Susie saved because of your changes. Step 4: After completing Susie's plan, you will be able to look at your individual financial situations with a new perspective and make adjustments where needed. Estimate your earnings, expenses and savings using one of the budget worksheets below, you can download the spreadsheet to submit for grading and track your actual monthly expenses. Use these tools: Adult College Student Traditional College Student The budget worksheets are interactive and can be downloaded to excel (if you are logged in, your website entries will populate the excel spreadsheet) to submit for grading. You may print a copy of this assignment HERE. Your assignment submission will include five (5) resources: Reflection on your money management. Answered questions on Your Money Matters college guide . Susie's budget Explanation of Susie's budget Your budget worksheet