1. To begin making your monthly budget, list your expenses (everything you have to spend money on each month such as food, gas, clothing, medical, utilities, car payment or insurance).

 

  

2. What are two financial goals you have for your family’s future?

 

 

 

3. What are your assets (income producers such as a job, savings account)?

 

 

 

4. You’ve decided that you want to put $50 per month in a savings account. Instead of saying, "I can’t afford that!" think of a way that you could afford to do it. (Remember to be positive and find a solution to reach your goals rather than giving up on your dreams.)

 

 

 

5. Briefly explain what delayed gratification means.