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Unformatted text preview: exercise. It is always good to keep track
of your expenses to see where you can save. Planning for your future
whether it is short term or long term will become beneficial to anyone who
has an issue with spending such as myself. This project really opened my eyes to a lot of bad habits. Working on your
personal budget helps you make more conscious decisions with money and
realize all the expenses I had incurred. Over the course of this project I
worked on analyzing where my monthly budget was to where I expect it to
be in three years. This exercise has taught me to save more and to always
have a contingency plan. Throughout the project is projected that most my expenses will remain
around the same around my first 2 years and will probably see an increases
15 in some areas, such as heat and electricity due to the raise in gas prices,
within the third year. However, I will also see decreases in other area, such
miscellaneous spending, as I learn to manage my money in a more efficient
manner. Based of a good two solid years of working within my 3rd year I
projected a slight raise in salary. Planning for the future does not mean planning for the next month or year
but years to come. I learned that if I make this a practice I would see
tremendous savings all over, as it will make me more disciplined in my
spending. I will now take what I learned from this project in order to
improve on my bad habits and stop living, paycheck to paycheck. 16...
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This document was uploaded on 02/20/2014 for the course FMGT 450 at Wentworth Institute of Technology.
- Spring '13