Question

HELP PLZ!
1. List the expenses you might have if you were living alone, and put them into categories. Do not forget to budget for some discretionary spending.

(5 points)
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2. Make an estimate of how much you will need to budget each month for each of your expense categories, and total up your monthly budget. Research local housing prices and utility costs to make this as accurate as possible. Ask for some budget figures from people you know who are living on their own.

(5 points)
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3. Did anything about your estimated monthly budget surprise you? Explain your reactions to the budgeting exercise.

(5 points)
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4. Knowing what you now know about budgeting and expenses, how does the prospect of moving out seem? What kinds of preparations and sacrifices might you have to make to live on your own?

Answer 1

this one @LootAtTheTime

Answer 2

There is some missing context can you tell me how much of a budget I’m workign with.

Answer 3

thats why i got confused cause there is no buget on the paper.

Answer 4

Ok just give me one minute.

Answer 5

ok

Answer 6

Research local housing prices and utility costs to make this as accurate as possible. Ask for some budget figures from people you know who are living on their own. Alright so this is your first step. I would start by browsing the web and look for some apartments our houses and then figuring out the price.

Answer 7

ill say near $2,500

Answer 8

Ok so what utilities might you have electricity, water, inter, and heating?? Find the price on those.

Answer 9

And then we will put together a budget.

Answer 10

it said about $850

Answer 11

Ok so you are probably going to want to budget about 1100 every month, and then probably another 100 for discretionary spending(spending on what ever you want.) so that’s that part done now I want you to list all your utilities, groceries l, and other activities you will do and list them. And hen categorize them.

Answer 12

thats was for the first one right?

Answer 13

Yes we have the second part done too.

Answer 14

All you need to do right now is complete the first part with the information I’m putting down here.

Answer 15

ok thank let me put that down

Answer 16

Make sure you include everything you might spend money on that could be recognized as reacurring purchases that would be added to a budget.

Answer 17

ok ill be back

Answer 18

ok im back whats next?

Answer 19

Ok, so now I want your opinion on whether or not this budget surprised you in anyway talk about what you were expecting and how it actually turned out for part three.

Answer 20

hummm the buget did suprise me because of the fact that its a low price and that the fact that i can afford it.

Answer 21

Okay just add a little bit more detail to that answer and you should be good for that part of the question now moving on to the last part talk about the sacrifices you’ll have to make talk about what you know so far about budgeting and what it will help you accomplish.

Answer 22

well im my opinion having a buget helps you save and afford things that you need for your home.

Answer 23

Alright now talk about how you feel moving out would be like

Answer 24

moving out being is like having more freedom but more responsibilities you have to do.

Answer 25

Thank you :)

Answer 26

You’re welcome

Answer 27

I hope I helped