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Budget Review Essay

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In reviewing my budget worksheet, I discovered that approximately $200 of my budget every month is for eating food from somewhere other than my kitchen when I am also paying approximately $240 every month for groceries. I’d like to use the information that I have learned so far about budgeting to cut that amount in half. The reason that number is so high is convenience; I tend to eat out more often when I have a busy schedule because it is easier and faster to go through the drive thru at McDonald’s than it is to make dinner. Unfortunately, I can’t make my schedule any lighter, so I need change how easy and quick it is for me to make my own dinners in order to change this part of my budget. I think the best way to do this would be to use my …show more content…

After the quiz, we discussed her personal budget and how she spends the majority of her income. She informed me that she buys an energy drink every single day and purchases the majority of her meals on campus in between her classes and club meetings. I think that she would also benefit from meal preparation and planning because she would be able to bring her meals to school with her. After discussing the ways she could improve her spending, we decided to review the Budgeting and Financial Planning section of CashCourse in order to discover more tips on how to better budget our income each month. I found the section “Adjusting a Budget” to be very helpful to me, as I recently resigned from a job and have yet to start a new one. CashCourse gave step-by-step instructions and tips on how to rebuild a budget with a decreased income, which I will definitely be applying to my budget until I start a new job. My sister discovered the tips in the “Creating a Budget” category. As someone who has never created a budget before, she found the simple language and detailed tips to be very helpful for getting started. She pointed out that we had just “tracked her spending”, and that doing so was very eye opening for her. After reading the rest of the webpage, we decided that we were going to make a conscious effort to budget our incomes from now on in order to better save our

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