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Spending Plan

In: Business and Management

Submitted By abenson
Words 1707
Pages 7
All my life I have had a job, whether it was babysitting, working for family, being a receptionist or even bartending. With all those jobs I have always had a constant flow of income yet, I am always low on money! How is this possible, you may wonder? The answer to that question is that I never kept track of the money I was getting versus what I was spending. The idea of a spending plan was equivalent to my dreams of being a pop star…I always thought about it but never considered it a possibility for myself. With a little help, I have come to realize that making a spending plan is not so difficult and it could greatly benefit me. I really hope that I can start saving some of the money I make. This spending plan would ideally enable me to put away some of my earnings for the future. I hope that it will also make me realize which things that I buy are necessary and what is unnecessary. I have a lot of debt and having some money put away would be helpful. Speaking of debt, I am currently a sophomore at Temple University. I do have a part-time job on the weekends at a bar. I usually make about $80 every Thursday. Other than that, I am living off of my loan money that I get at the beginning of every semester. I take a twenty thousand dollar loan out every year. My parents unfortunately cannot help me with tuition but they do try to help me out every now and then. I have three bank accounts within two banks. I have a savings and checking account in Bank of America which I normally keep my spending money and money I make over the summer in. The other account is from PNC, that’s where my loan money goes. I am responsible for paying tuition, rent, utilities, cable, books, groceries, my car insurance (only once every six months), and most of my leisure spending. I try to only use my loan money to pay my bills, tuition, etc…but I do end up taking money out for things I...

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