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? asked in Business & FinancePersonal Finance · 9 years ago

Budget for a Teen Girl?

am realizing I am wasting so much money, so I have decided to make a budget for myself. I am going to base the budget on breaking up my money each time I have a total of $100. So for example if I saved 15% for a car, every tome I had $100 I would keep 15 for a car.

Here are the categories I think I need. How would you break them down?

Car (need in 9 months)

Clothes

Eating Out/Coffee/etc

Gifts

Phone Bill

General Savings

What percentage would you assign each of these categories. I make $100 every 2 weeks-month.

1 Answer

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  • Reena
    Lv 7
    9 years ago
    Favorite Answer

    9 months... so you have 18 paydays of $100 each. (you get $100 every 2 weeks).

    If you really want a car in 9 months you will need to put most of your money away because it is very hard to find any good car for less than $2000. If you saved every penny you can get $1800 together and that means you don't need a budget but put all the money towards the car saving goal.

    With your goals you end up with $270 saved towards a car in 9 months and $1530 spent on phone bill, gifts, Eating out and what little is left goes to "general savings". That $270 does not buy a car.

    How about this:

    Phone bill

    $20 towards "stuff"

    and the rest goes to the car?

    I don't know what the phone bill comes to so hopefully you got a cheap plan.

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