EPF: Module 15 Presentation Budgeting 101

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Have you ever tracked your expenses? What benefit might this have in your life? If you have, what are some of your personal experiences with the process?

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After reading through, "What is a budget?" Include one golden line that helped you to understand an overall summary.

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After reading through the article list one golden line that you think best represents a summary of the main idea behind the article.

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What is a fixed expense? Can you provide an example?

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What is a whammy? Can you provide an example?

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After watching the video, which of the budgeting strategies seems most appealing to you and why?

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Reading journal:

(Connection)

In brief, find a connection to your independent readings from this week to budgeting, or the process behind purchasing a home.

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In brief, what did we have the chance to go over, and practice this week in class? What was something that resonated with you (ie your main reflection/takeaway)?

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Compare and contrast apartment hunting to the process behind purchasing a home. What are some of the more difficult or easier aspects?

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Finally,

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Finally, what is a song you have been listening to lately that you would like added to the classroom playlist?

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Take a second to research, what are Americans spending more money on going out or groceries?

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How much does the USDA recommend you budget for food?

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After adding new family members, what is your new budget?

Multiple Choice

Which of the following statements about shopping for produce is TRUE?

• Pre-cut fruits and vegetables are cheaper than buying them whole

• Buying whole produce is generally cheaper and lasts longer than pre-cut and packaged produce

• Packaged produce will last longer than whole produce

• Buying produce at the entrance of the store will prevent you from buying junk food

Multiple Choice

What is a reasonable thing you can do to avoid buying items that catch your eye when going through the aisles?

• Make a list beforehand and commit to only purchasing the items on the list

• Purchase all of your groceries online and avoid going into stores

• Ask an employee to escort you to each item that you need every time you go to the grocery store

• Avoid walking through the aisles by taking a friend along and having them do your shopping for you

Multiple Choice

Why are items like candy, magazines, and gum placed strategically by the cash register?

• By the time shoppers get to the register, they have experienced decision fatigue and are more likely to give in to small purchases that are not necessary

• All of these items are usually discounted for shoppers and stores want to remind shoppers of these deals before they pay

• The cashiers pressure shoppers into buying these small items

• These are the only items that fit in the small spaces near the register

Multiple Choice

What are some tips you can use to avoid waste and overspending at the grocery store?

• Eat the same meals each week so you only have to buy the same 10 items; use a larger cart

• Only shop for the items at eye level; take your time shopping

• Bring a friend who can help suggest more items you might need; only purchase items on the back wall

• Listen to upbeat music to keep you focused to shop quicker; use a smaller cart

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How much does the average American household spend on dining out each year?

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The article lists five other reasons why we dine out other than getting food. Choose one of these reasons and list a budget-friendly alternative to satisfy that motivation while spending less money.

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Briefly explain why this is a problem.

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What is nominal wage? What is real wage? Why is it important to understand the difference?

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What is one easy meal you can default to when you don't have anything else to eat?

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What is your favorite meal that you can make by yourself? In addition, what is a favorite meal you like to have made for you - maybe for a birthday or a special celebration?

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How much food waste do you think is in your home and why?

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Have you or your family taken any steps to be more mindful of what you spend on food? What were some successful steps?