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JCSU Gold Chasers: Assignment 3
Please complete this brief assignment by 11:59pm on January 20.
Financial Stability: Make your money make sense!
Name
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First
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Question 1: Track Your Spending
For the next 7 days, write down everything that you spend money on.
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Item Purchased
Amount Spent
Need or Want?
Reflection Question: Were you surprised by any of your spending habits? Explain in 2-3 sentences:
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Question 2: Create a Simple Spending Plan
Imagine you receive $500 per month from a job, allowance, financial aid refund, or other income source. Using the Spending Plan concept discussed in class, allocate your money among the categories below:
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Amount
Needs (housing, food, transportation, phone, etc.)
Wants (entertainment, eating out, shopping, etc.)
Savings/Investments
Why is it important to pay yourself first by saving money before spending on wants?
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Question 3: Your Future Self Challenge
Identify one financial goal you would like to accomplish within the next 12 months.
Examples:
-Emergency fund
-Spring break trip
-New laptop
-Car down payment
-Starting an investment account
Define your 1) Goal 2) Estimated Cost and 3) Deadline below:
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