Unit 4 : Lesson 2: Planning for monthly expenses in your new home

Talking it over

Some people say that to make a budget you must be able to compare your needs (such as food, clothing, and a place to live) with your wants (such as buying new clothes, eating out, and phoning friends long distance).

Make a list of your needs and wants. Which of the extras on your “want” list could you do without while you are saving for a house?

Your needs:

Food, clothing, shelter,
transportation to work,
day care, telephone

Your wants:

Cable TV, attending movies frequently,
long-distance calls, car phone, vacation,
new clothes, new furniture, alcoholic
beverages and cigarettes, restaurants,
new car

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