Wednesday, October 8, 2014
The Reality of a College Budget Plan
On the budget assignment I wasn't expecting to pay for EVERYTHING. The idea is really scary especially when there are people who have to pay for everything. Being on a salary that low is kind of disappointing and makes me feel sad. I did expect the price payed for gas to be high, that's why I am planning on walking/riding a bike most of the time. On my budget plan, I realized that the cost for clothes was $70 a month and I'm pretty sure I won't be spending thaaaat much on clothes (or maybe I will). I realize that you have to spend your money on things that are needed because you can't afford not to. I do not think I am ready to take on this responsibility, but what we can do now is find summer jobs or find local things we can participate in in order to raise money.
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Riding a bike or walking places is a good idea. It keeps you in shape and saves you money which is very convenient.
ReplyDeleteIt is good to prioritize your expenses, and then see what you have leftover after that to spend on other things like clothes and entertainment. When you get a job, it might be helpful to start practicing handling money and making your budget.
ReplyDeleteI was really surprised as well when seeing everything I had to pay for. Getting a summer job will surely help your low income become higher than it has normally been. It will surely get you closer to paying off debts faster and having a little extra money.
ReplyDeleteHey, if rent is a big issue, just get a roommate. Also, I think it is good that you have realistic ideas about what to spend your money on and what not to.
ReplyDeleteI totally agree! The list of expenses was crazy when you actually took a look into it. It never seems like that much until you see it written out and all of the money added up. Although you may not be ready right now, I know you'll learn and figure it out as you go along.
ReplyDeletei agree with you on how that gas orices are really high and that you can go ride a bike or walk.
ReplyDeleteJessica I'm stuck on the fact that you think $70 is a lot for clothes!! I didn't even know people saw it that way. WOW! But other than that I like your idea of riding a bike around instead of using a car.
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