Kitty Pryde-Barton (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
throughaphase) wrote in ![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png)
fandomhigh2021-03-16 07:40 am
throughaphase) wrote in fandomhigh2021-03-16 07:40 am
Entry tags:
Adulting 101- Tuesday- 2nd period
It was one of the days they were back in the classroom! Which meant it wasn't going to be a fun class, sorry.
"Today we're going to work on budgeting." See? Not fun! "By now you should have an income, and that means you have to pay for how you live. First off, I want to have you list off the things that you think will be monthly expenses, like rent. Anything else you have to pay for to live. Just go ahead and yell things out."
Once they'd done that, Kitty continued, "These monthly expenses are important, and take first priority. If you don't pay your rent, you'll get evicted. If you don't pay your utilities, they'll turn them off. If you don't pay your car insurance, you'll get in trouble with the law if you get caught. Do you have credit cards? Because you should be paying more than the minimum due because the interest will get you on anything you don't pay off. And what you have left over after you pay all that stuff is called expendable income. It's what you get to use if you want to hang out with friends, or save up for vacation or a rainy day or whatever. And you probably don't have a ton of it. There are a ton of people who live paycheck to paycheck, which means they're mostly living to pay things off, and they don't necessarily have savings in case their car breaks down, or they have a medical emergency. So what we're going to do today is work out a budget. Let's say... you've got an even $2000 a month to work with. You have some handouts. Pick a rent price off one of them, I don't care which one, and then check out prices on utilities, and then fill out this worksheet. Put down what you pay for your phone, if you use Netflix or have monthly subscriptions, if you have any medical expenses that need to be paid every month. Just figure out what you have left."
"Today we're going to work on budgeting." See? Not fun! "By now you should have an income, and that means you have to pay for how you live. First off, I want to have you list off the things that you think will be monthly expenses, like rent. Anything else you have to pay for to live. Just go ahead and yell things out."
Once they'd done that, Kitty continued, "These monthly expenses are important, and take first priority. If you don't pay your rent, you'll get evicted. If you don't pay your utilities, they'll turn them off. If you don't pay your car insurance, you'll get in trouble with the law if you get caught. Do you have credit cards? Because you should be paying more than the minimum due because the interest will get you on anything you don't pay off. And what you have left over after you pay all that stuff is called expendable income. It's what you get to use if you want to hang out with friends, or save up for vacation or a rainy day or whatever. And you probably don't have a ton of it. There are a ton of people who live paycheck to paycheck, which means they're mostly living to pay things off, and they don't necessarily have savings in case their car breaks down, or they have a medical emergency. So what we're going to do today is work out a budget. Let's say... you've got an even $2000 a month to work with. You have some handouts. Pick a rent price off one of them, I don't care which one, and then check out prices on utilities, and then fill out this worksheet. Put down what you pay for your phone, if you use Netflix or have monthly subscriptions, if you have any medical expenses that need to be paid every month. Just figure out what you have left."
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