Imagine that you are a college student who lives away from home. you have a work-study job at your college library, and you earn about $600 each month. you have one major long-term goal: you want to save up money to visit your family soon, and you need at least $100 for your train tickets.
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-the cost of rent (250 each month for your shared apartment)
-the cost of your bus pass ($40 each month)
-the cost of books ($150 but only in september at the beginning of the school year)
make sure your budget considers these variable expense categories:
-the cost of food
-the cost of clothing
-discretionary spending
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