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Molly Jubas and Taylor Ota p.4
This project taught us that budgeting your money is extremely important. With two
different budgets it is hard to find common luxuries that we both can afford. Also, we
discovered that it is important to put your money into purchases that are going to benefit both
you and your roommate as well as satisfy your needs before spending on unnecessary wants.
The greatest shock to us was how much money food costs per year. We didn’t realize that three
meals a day, seven days a week could cost so much. Another unexpected twist was how much
money is taken out of our income and put towards taxes. Neither of us realized that money is
taken out of your salary and put in four separate categories of taxes. It is important to find
deals on healthcare and television/internet bundles because those are places where you are
able to save a lot of money. The most important thing we learned from this experience is that if
you budget your money and stay on top of your spending/expenses you will use your money
wisely and not get into trouble. Furthermore, we learned that we can reuse items we have now
so we can save money later and not buy a new one (example: clothing, furniture, accessories).
Moreover, we are more conscious of how much energy we use, where we eat/going out to eat,
and how much money we spend on going to the movies and hanging out with friends. When
you are spending your parent’s money it doesn’t seem like you are spending as much as you
actually are, but when it is your own money everything you purchase becomes more valuable
and your money becomes more sacred.