Problem
Read the following:
Cost of living is the cost of maintaining a certain standard of living. Time, geography, and politics all play a role in how items are priced and the value associated with these items.
You will enter information into the Student Budgeting Calculator. Some of this information will be found through research (tuition, rent, etc.) and some will be found in your own life (internet, bank fees, etc.). I will provide you with some information:
Electricity = $70 per household per month
Gas = $50 per household per month
Groceries = $125 per person per month
Once your budget has been filled in, complete the reflection below.
• What were your 2 biggest expense categories? How could you save some money in each category?