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Remember if your spending plan doesn't balance the first time, KEEP WORKING ON IT. Look for ways to use money and other resources to get the things that you need and want. If there is not enough money, you or a family member may be able to earn extra income.
Even with lots of effort there are times when you may not have enough money. However, continue to identify resources and adjust your spending plan to help you get on the right track. BELIEVE THAT YOU CAN DO WELL AT MANAGING YOUR MONEY!
List your goals and action steps below:
| My Goals | Date to Achieve | Amt. $ Needed | Action Steps to Reach Goal |
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| Example: Get a clothes washer | 3 months | $350 – new $110 – used | Get information; compare cost of clothes washer both new and used; use money from EITC (Earned Income Tax Credit) |
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Next - Think about what you need and want. Needs are essential for your daily life. They include food, clothing, and shelter. Wants (“extras”) may help you to meet a need with more style or comfort. Examples of wants might be designer clothes, eating out, getting your nails done professionally, or purchasing the latest electronics. One person's wants may be another person's needs. One person may need a cell phone for safety reasons. Another person may want the latest iPhone, because their friends have one. List your needs and wants on the next page. Rank the items - with Number 1 being the most important. Remember to take care of your needs (necessities) first. You will refer to your lists on the next page as you make your spending plan.
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