10.23: Assignment- Saving

College Success · LibreTexts

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    Part I

    Part I Objective

    • Track your personal spending habits

    Part I Directions

    1. Monitor what you spend money on for a week.
    2. 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

    This page titled 10.23: Assignment- Saving was last modified on Mon, 07 Dec 2020 00:11:54 GMT and is shared under a CC BY 4.0 license and was authored, remixed, and/or curated by Lumen Learning.