You've landed a sweet gig at the local market, raking in $15 an hour for 10 hours a week, totaling a monthly income of around $600. But with great earning power comes great responsibility. It's time to learn the art of managing your money, covering the basics while stashing some cash for your future dreams.
Cell phone bill:
Transportation: (bus pass or gas if you have a car)
School Supplies: (pens, notebooks, etc.)
Entertainment: (movies, eating out, other leisure activities)
Groceries: (food and snacks)
Savings: (try to save at least 20% of your income)
Time to get savvy with your cash flow! Craft a budget that maps out how your $600 will conquer expenses and savings goals each month.
Keep a sharp eye on the art of compromise. If you're craving more splurges in one area, you might have to tighten those purse strings in another.
Chit-chat with your buddy about your budget, swap some thoughts and get some feedback on your savvy decisions.
Jot down your ultimate financial plan in the text box.