Make sure you complete the following activities and include them with this week’s homework:
Why do you eat out? (Section 3.2.2)
It Costs Money to Save (Section 3.2.7)
What are You Going to Do to Save on Groceries? (Section 3.2.10)
Lower Your Electric Bill (Section 3.3.3)
For this exercise, you will make your own monthly budget. First, list out all our expenses and savings and classify them as needs, wants, and savings. If there are any items you want to keep personal and don’t want me to see, just list it as “personal expense,” but still give the actual monthly amount that personal item costs. Second, create your budget using whatever budget plan and technique you’d like, except for an app. (You may still use an app to budget, but in terms of submitting your budget for this assignment, an app would be a bit tedious.)
You have two options. If you have a job, either full-time or part-time, and have some of your own expenses that you pay for, you can use your actual paychecks and expenses to create your budget. If you do not currently work, you may create a hypothetical budget using income and expenses you might expect shortly after graduation. (If you do this hypothetical budget, research how much the starting pay is for a job you could see yourself doing just after graduation. Don’t use “average pay.” Also research realistic expenses in terms of housing, food, etc. For your pay, take how much is reported for a starting pay and multiply by 0.7. This will give you an approximate after-tax amount.)
You need to pick up some cat food at the store. The shop has a few options for your cat’s favorite brand. A single can costs $2.09. A package of six cans normally costs $11.59, but is on sale for $9.99. A package of twelve cans costs $21.99. How much will >you pay per can and why?
You and your significant other have returned home from long days at work. Neither of you wants to cook. Your significant other is adamant that the two of you go out for dinner and drinks to relax. You are concerned about your food budget for the month and realize that the cost of going out for food and drinks will likely be about $100-$120, which the two of your can’t really afford right now. How would you handle the situation?
Consider the following three products: diapers, window cleaner, and milk. Research the available prices on these products online for Sam’s Club (a wholesale club), Aldi’s (an alternative-brand store), and Big Y (a regional supermarket chain). For each one, which store gives you the best purchase option?
We targeted two learning objectives this week: accessing wellness tools and social-emotional skills. For each of the learning goals, write a few sentences as to how this week’s material has helped you progress toward meeting those learning objectives. The two learning goal descriptions are as follows:
Accessing wellness tools: Students develop tools for improving their physical, social, and/or mental/emotional health and overall college experience.
Social-emotional skills: Students identify personal social, emotional, and cognitive skills to be practiced and developed; including self-awareness, self-management, social awareness, responsible decision making, relationship skills, and communication skills.
