ACTIVITY: Comparing Budgets
Raffi and Lily have been saving receipts from all of their recent purchases. They also saved their most recent pay stubs. Below is a list of their receipts for the most recent month.
With a partner, you will be comparing their spending by making a zero-based budget for Raffi and Lily. One person should make a budget for Raffi while the other makes a budget for Lily. Remember that in a zero-based budget, every dollar should be assigned to a category. You can add new categories or change existing ones if needed, but both budgets should have the same list of categories to make comparison easier. Use the budgets to answer the questions below. *Add a screen shot of your budget below*
With a partner, you will be comparing their spending by making a zero-based budget for Raffi and Lily. One person should make a budget for Raffi while the other makes a budget for Lily. Remember that in a zero-based budget, every dollar should be assigned to a category. You can add new categories or change existing ones if needed, but both budgets should have the same list of categories to make comparison easier. Use the budgets to answer the questions below. *Add a screen shot of your budget below*
Who spent more money on food costs this month?
Who spent more money on food costs this month?