You are about to start your first semester in college and have decided to work out a budget for the year.a. What are the advantages of preparing a budget in advance?b. What information do you need to gather to be able to write your budget?
What will be an ideal response?
a. A budget will help you deal with the ups and downs of your finances. It will help prepare you for the world of work. Most of all, a budget provides a sense of security, allowing you to take control of your spending.
b. You will need to know your monthly income and expenditures. To uncover your expenditures, keep track of everything you spend for a week. Also, go through any records you've kept to identify where you've spent money for the last year. You will also need to list each source of income.
You might also like to view...
Describe the three stages of prenatal development, including the number of days or weeks post-conception for each.
What will be an ideal response?
What has been identified as the "single most powerful factor that can negatively influence brain development"?
a. Number of times mother is married b. Number of siblings in the home c. Amount of toys and play materials in the home d. Poverty
Which of the following describes the situation in families in a collectivist culture when an aging parents requires more extensive care,
a. The adult children typically place parents in assisted living. b. The adult children make decisions for the aging parent and take over the financial resources. c. It is anticipated that aging parents will live independently from their children. d. It is anticipated that older persons will live with their middle-aged children.
Contrast externalizing behaviors with internalizing behaviors.
What will be an ideal response?