1. List 3 things you spend money on each month that would be fixed expenses.

• Insurance
• Mortgage/rent
• Property taxes

2. List 3 things you spend money on each month that would be variable expenses.

• New clothes
• Entertainment
• Eating out

3. If you needed to save some money, how could you change your spending?

You could use the “Pay Yourself First” method. To pay yourself first means; before you pay your bills, buy groceries, or anything else, set aside a portion of your income to save.

4. How much money could you save in a month without giving up too much?

Depending on how much money you make, you could put 10% of your weekly or monthly salary into a savings account.