Samantha wants to move into an apartment when she begins school in the fall. Right now she
has a job where she makes $250 a week working 20 hours and will be able to keep this job once
she begins school. Her parents have decided to put $500 a month in for extras that she might
need once she begins school. Although Samantha is very excited about moving into an
apartment, she wants your advice on where to begin preparing for her move. She wants to put
together a budget but has no idea where to begin.
Explain to Samantha how to set up her budget.
a
b. Once Samantha has a budget, what should she consider when determining if moving
out when she is beginning school is a good idea or not. Give specific reasons why this
might be a good or bad idea.