2. Review the steps in preparing a budget (2:15–2:45)

a. Analyze the family’s incoming and outgoing income streams.

b. Subdivide outgoing income into categories like utilities, rent, credit card and loan payments, savings, discretionary spending, etc.

c. Calculate monthly totals for each stream.

d. Prepare a spreadsheet.

3. Assign each step to a member of the team. (2:45–3:00)

4. Set up a schedule for completion of each step (3:00–3:15)

5. Set up a follow-up meeting to prepare the assignment to hand in (3:15–3:30)