GLOWS AND GROWS

PROJECT: Financial Planning for Janella

My Group Members:

Today, you and your group will continue to work on Janella’s budget. As you continue to fill out her monthly budget, you and your group will begin to prepare your recommendations for her financial planning.

TO DO:

 Continue to fill out Janella’s Monthly Budget document on page 40. If you did not finish during last week, be sure that all expenses are defined as either fixed, variable or occasional.

 Use Janella’s Monthly Budget document to fill in monthly expenses. Use the notes

Janella provided to determine the cost per month of each of her expenses. For expenses that Janella did not share the cost of, use Google or another search engine to look up aveage costs in her area.

 You and your group will begin to make recommendations for Janella. How much should she budget for her apartment rent? Should she purchase cable tv? How much should she budget for groceries? These are all recommendations you and your group will need to come up with and be prepared to present to Janella.

 During session #5, you and your group will present your budget recommendations for

Janella to the cohort. Begin to think about how your group wants to present: poster board,

PowerPoint, or just talking through the budget without any props. Next session, your group will be given time to put together and finalize your presentation

TIPS:

• Be aware of the difference between Janella’s wants and her needs.

• You may not be able to meet all of Janella’s financial goals, so pick the ones you think are best and be ready to share why.

• Be creative!