1. You have been awarded a scholarship of $25,000 that you can use for educational purposes and/or anything else outside of school. The one condition that comes along with this is that you must spend or invest every dollar in the next 3 MONTHS. Whatever you fail to spend or invest by April 30th, 2017, you lose. You are to construct a detailed, itemized list of how you will spend this money. For each item you write, identify if that item in your mind is a NEED or a WANT and write your reasoning too. If you are not sure of the price of something you want to spend some of the money on, just estimate as best you can.
Remember, “Never spend your money before you have earned it.” – Thomas Jefferson