10.23: Assignment- Saving
- Page ID
- 59638
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Part I
Part I Objective
- Track your personal spending habits
Part I Directions
- Monitor what you spend money on for a week.
- Use the template, below, to record your findings.
Weekly Spending Tracker
Total Income:
Day | Expenses |
Monday | College-Related Expenses (tuition, books, etc.): Rent/Board: Food: Transportation: Leisure: Misc.: |
Tuesday | College-Related Expenses (tuition, books, etc.): Rent/Board: Food: Transportation: Leisure: Misc.: |
Wednesday | College-Related Expenses (tuition, books, etc.): Rent/Board: Food: Transportation: Leisure: Misc.: |
Thursday | College-Related Expenses (tuition, books, etc.): Rent/Board: Food: Transportation: Leisure: Misc.: |
Friday | College-Related Expenses (tuition, books, etc.): Rent/Board: Food: Transportation: Leisure: Misc.: |
Saturday | College-Related Expenses (tuition, books, etc.): Rent/Board: Food: Transportation: Leisure: Misc.: |
Sunday | College-Related Expenses (tuition, books, etc.): Rent/Board: Food: Transportation: Leisure: Misc.: |
At the end of the week and after reviewing your spending habits, did anything surprise you?—such as, “Who knew that I was spending so much on pizza and parking?”
Part II
Part II Objectives
- Track your personal spending habits
- Define strategies for cost-cutting in categories where you currently spend the most
- Explore savings opportunities for college students
Part II Directions
- Carefully analyze the personal spending you monitored for a week during Part I of the activity.
- Identify the three spending categories in which you spent the most money.
- In which two of those categories could you cut costs? For example, perhaps you spent the most money on rent, food, and leisure. Rent is typically a fixed amount, but you may be able to brainstorm ways to save on food.
- Identify three strategies you will implement this month to save money.
CC licensed content, Original
- College Success. Authored by: Jolene Carr. Provided by: Lumen Learning. License: CC BY: Attribution