How People Make Economic Decisions Paper

Gen-200 Research Paper

Deneen Williams

University of Phoenix

Budgeting is a daily problem in my life. Living from paycheck to paycheck is no easy task, especially when a person has to add four children to the equation. After being in a rut, I realized that I had to get my family and me on some type of budget, even more now that the economy is a terrible recession. The solution for this problem is to come up with a budget that fits my needs and one that I am able to stick with.

Budgeting is hard because it always seems like I never have enough money to meet all my expenses or to put some money in my savings. It is [Expletive construction--"there is," "there are," "there was," "there were," "it is," or "it was" are phrases that mean nothing. Unless "there" or "it" is a place or a thing, the composition will be much more concise if rewritten to eliminate such phrases.] hard to budget when my expenses are changing from week to week. However, learning how to keep track of my expenses and spending should put me in a better financial setting.

After researching my day to day problem, I founded that I was not the only one dealing with this problem, according to a survey conducted by “Getting Paid In American” 67% reported living from paycheck to paycheck.

To plan a budget the person will need the following tools:

Pencil

Paper

A clear mind

Quietness

First make 5 columns on the budget sheet, title them as first week, second week, third week, fourth week, and fifth week. Each column is for one week of the month; next, in each column put all planned expenses...