Housing, Transportation, and Food
10. The HALT principle means you should not make a major purchase if you are
Hungry, Angry, Lonely, or Tired .
Reflection
I believe that this was a really good project in many ways. Budgeting is something that
everyone in the entire world (counting me) will have to when we are adults, so all of the
information I learned will be of use sometime in the near future. Because I am only 18, I
do not know everything when it comes to budgeting, so this project helped open my eyes
and answer many questions that I had. Budgeting is a really hard thing to do, and as it
said in the 15 min video we had to watch, the best way to budget is to just make sure that
you spend less then what you make. As easy as it sounds, I know that it budgeting is
much more difficult, but if you are just smart with your money and keep track of what
you spend/make, you really shouldn’t be too worried. I have already started to budget
with college, but I know that it will be 100x tougher when I have a wife and family.
Overall, this project was very useful and helped to introduce to me the process of keeping
a strong and safe budget.
