My dad thinks that the budget I originally had on my self assessment was pretty accurate but he made a few slight changes for me. I had the housing budget at $200 a month and I planned to stay in my house and work but my dad said that was too low. He said he’d charge me around $400 a month to still live in my house but it all depended on how much money I was making a month. My dad said that my grocery bill was too high because I will need to pay for some food but not all so I changed it from $400 to $200. He said that him and my mom would supply most of the food but I would still need to pitch in for some meals and of course I am gonna buy some food for myself to cook. When I am 16 I will have a car from my grandpa so it’ll be free but I will have to pay for my own gas and my parents will pay for my insurance. My dad said that all of the subjects on my budget were similar to what he had to plan for. He had to plan his needs over his wants first. His needs were things like paying for his first car and his housing but he was also into music and loved to buy cds so he had to make sure he put them under his wants and had enough to buy them before he did. My dad said that it is very smart to have a budget plan like this one so I can compare my income and expenses and make sure that my income is higher than my expenses so I don’t go broke or get a bad credit score.
Freedom 18
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