Ohio Christian University Personal Budget Exercise Paper
Ohio Christian University Personal Budget Exercise Paper
PERSONAL BUDGET EXERCISE
Instructions
There are innumerable budget models available that fit just about every personality type out there. The key is to select one that fits your style.
- Read “The Truth About Budgeting” and “The Envelope System” on Dave Ramsey’s website: https://www.daveramsey.com/get-started/budget/?snid=start.budgeting-a
- Write a 1-2 page paper and describe the benefits of maintaining a budget and what adjustments you would make to the budget model for your personal budget.
Address the following areas
- What are your thoughts on the envelope system?Is this a personal budget model that you would use?Why or why not?If not, what type of system would you use?
- How often would you update your budget? Why?
- What value do you see in having a budget?
