The document allocates a $500 monthly budget among necessities like a cellphone, bus pass, and food, as well as savings and entertainment. The author allocated $60 to their cellphone as a necessity for work, $34 to public transit, and $200 to food, believing these amounts covered basic needs. An additional $70 was allocated to savings for emergencies and the future, while $75 went towards entertainment with friends. The remaining $21 was allocated to an "other" category.
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For more advice and resources to help with budgeting be sure to check out the following free resources.
https://social.usq.edu.au/tags/budget
To see more from the Beyond the Books Online Series, visit our website.
https://www.usq.edu.au/webinars
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2. Cellphone
I allocated $60 per month for my cell phone
because I believe it is a necessity. I use my phone
constantly throughout the day and I need it to find
a job as employers call to schedule interviews.
3. Bus Pass
I allocated $34 per month to a buss pass because
it is important to have transportation and $34 is
the cost of a student bus pass in Kamloops.
4. Food
I allocated $200 per month to food because food
is a necessity and I believe that $200 per month
would be plenty to feed myself.
5. Clothing
I allocated $40 per month to clothing because I
like getting some new clothes once in awhile and
clothes have to be replaced when they are ripped
or stained.
6. Savings
I allocated $70 per month to savings because it is
important to save money for emergencies and
your future.
7. Entertainment
I allocated $75 per month to entertainment
because my friends and I enjoy going to the
movies or bowling often.
8. Other
After I allocated all of my budget I had $21 left
over so I allocated it to other.