The act of completing
a budget can be a very sobering experience for those who
have not had to worry too much about how far their money
will go. It also helps you recognize the difference
between needs and wants. Housing, transportation, food,
utilities are obvious necessities. There are some items
that are luxuries to some people but necessities to
others.
What are some things that you
cannot live without? (ie. Cable is a
necessity for some but an extra to others.)
Does this experience make you
think any differently about the job(s) you will consider
after college?
After doing this
budget, do you think your
current plans for the future will enable you to have the
kind of lifestyle you envision for yourself? How long
will it take you to get there?
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