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 fll out her monthly budget, you and your group will begin to prepare your recommendations for her fnancial planning.

TO DO:

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

 Use Janella’s Monthly Budget document to fll 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 fat 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 fnalize your presentation.

TIPS:

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

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