Scenario: Jessica is a senior in college. She earns $10 an hour working approximately 28 hours
a week at the local movie theater. An estimated 30 percent of her pay is deducted for
taxes. Jessica also earns approximately $20 each month in interest on savings.
Jessica owes money on her student loans ($250 a month), but she doesn't pay rent
because she commutes back and forth to college. She is responsible for the
following expenses every month: cell phone ($55-65), gas ($45-55), and auto
insurance ($65). Jessica likes to go to the movies and listen to music. She frequently
goes out to eat with her friends each month. Jessica typically buys her own clothes
and snacks but she also receives gifts from her family for special occasions.
Jessica has three goals: Save for cell phone ($800), New laptop ($1100), Trip to
Hawaii ($4000)
Directions:
Create a monthly spending plan for Jessica using the information provided.
Use this Spending Plan worksheet to build the plan. (Use the worksheet on the next
tab below)