1. KEEPING TRACK OF YOUR MONEY BUDGETING Use limitations: These materials may be used only for nonprofit, noncommercial educational purposes. These materials may not be used in connection with any sale, advertisement, endorsement, or promotion of any service, product, person, or business and may not be sold or offered for sale.

2. WHY CARE? IT’S JUST YOUR MONEY Managing your money is possible! Reaching goals is possible! Avoiding unnecessary debt is possible! 2

3. WHERE TO BEGIN Expenses Worksheet Expense Budgeted Amount Actual Amount Spent Savings/Loss 3

4. FIXED EXPENSES Housing Tuition Utilities Car Insurance Cellphone 4

5. VARIABLE EXPENSES Books Food Entertainment Gifts and celebrations Gas or transportation 5

6. REALITY CHECK Look at Expenses Worksheets again Expense Budgeted Amount Actual Amount Spent Savings/Loss 6

7. CHOICES, CHOICES, CHOICES iPod® Bus pass DVDs New boots Hoodie Cable TV Weekend trip Manicure Magazines Books 7

8. NEEDS vs. WANTS Write down needs and wants, look carefully at what is written down. Review your life’s situation. Think about what’s really important to you and what has lasting value. Do you really need or want everything on your list? Are some needs really wants? 8

9. YOU MUST BE KIDDING o 1 Starbucks® drink @ $3.50 o $3.50 x 7 days = $24.50 o $3.50 x 365 days = $1,227.50 o 1 Sonic® burger @ $4.25 o $4.25 x 7 days = $29.75 o $4.25 x 365 days = $1,551.25 o 1 carton of cigarettes @ $32.00 o $32.00 x 12 months = $384.00 o $32.00 x 26 weeks = $832.00 9

10. YOUR NEXT BEST ALTERNATIVE Bus/walk/carpool Free concerts on campus Movies on campus Volunteer at event Grind your own coffee beans Use student discounts 10

11. THE SECRET EVERY MILLIONAIRE KNOWS LIVE WITHIN YOUR INCOME 11

12. NOW WHAT? Identify where your money comes from. Track where your money goes─keep a spending diary for a month. Create a budget and monitor your spending. Reconsider your wants and needs. Live within your income. 12