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Social Studies, 05.05.2020 02:11 stunnakid9094

If someone could help me I would appreciate it, I don't need the answer but I do need some help
For the first part of this activity, you will be given a hypothetical monthly income, a list of your basic monthly bills, and a brief description of your living situation and daily life. Based on that information, you will create a monthly budget and financial plan that allows you to pay all of the necessary bills while also having enough money left over to live for the month. You currently work as an elementary school teacher.

Your annual salary is $45,000
You bring home a weekly paycheck and your total monthly income, after taxes, is $2,850.00
You live alone in an apartment with the following bills:

Monthly rent: $1,000
Electric Bill: $82
Gas and Water: $44
Internet: $75
Other monthly bills include:

Cell Phone: $85
Student Loan: $200
Car Insurance: $130
Gym Membership: $20
Other details and expenses:

You live a pretty simple life. You are single and enjoy going out to dinner with friends once or twice a month.
You enjoy eating healthily and generally spend a good portion of your income on purchasing organic food. You like to grocery shop weekly and, on average, spend $100 per week.
You have a dog and he is due for a monthly check-up this month. You estimate this will cost around $150, but you have not scheduled the appointment yet.
You are relatively healthy and rarely visit the doctor, but you do have asthma that requires monthly inhalers. These are not covered by insurance and cost you $110 per month.
You love treating yourself to a movie. A movie ticket costs $10.
There is a concert that your friends have asked you to attend this month. Tickets are $250.
You opened a savings account several months ago and set a goal to deposit $200 into it each month.
Your Mom’s birthday is this month and you want to send her flowers. It will cost $75 to send her a beautiful bouquet.
The service light recently came on in your car. You have been avoiding taking it to the shop because you anticipate that it will cost anywhere from $150-$300. But if your car breaks down, you will not be able to get to work. How easy or difficult was this activity?
What were some challenges that you encountered?
Were you able to pay for all of your bills and all of the additional expenses with your income?
If not, what did you eliminate or where did you cut back?
How did you decide what to eliminate or where to cut back?
How might this hypothetical financial plan differ from a future real-life financial plan?
Do you feel more or less comfortable with money management after completing this activity?

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