Budgeting
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Copy and paste the questions below into a google doc or an email to send to me at [email protected]
This is Due on May 15th Video 1
Video 2:
Video 3:
B) Helps you avoid the stress of living beyond your means C) Allows you to track everything you spend D) All of the above Exercises: 1. This assignment requires you to speak with your parent/guardian after you have completed your estimates below. I am not looking for you to include exact numbers in your submission but if your parent/guardian is willing to discuss exact numbers with you, it may make it more meaningful. The goal of this assignment is to give you a better understanding of all the hidden expenses you probably don't even think about and to give you a general understanding of what it costs to run a household. EXPENSE YOUR ESTIMATE ACTUAL FROM PARENT Monthly Rent/Mortgage Monthly Hydro Monthly Natural Gas Monthly Internet Monthly Water Insurance (Home/Renters plus Vehicle) 2) Did any of the expenses that your parent/guardian provided surprise you? Explain (3 marks) 3) Do any of these expenses disappear after a set period of time? (2 marks) 4) Classify the above home expenses as either a FIXED, VARIABLE or IRREGULAR expense. Do you think any are a combination? Explain 5) Does your parent/guardian budget formally or informally? Why or why not? (2 marks) |