Financial planners recommend the following budget plan as a starting point for young adults. You can modify your own budget to fit your needs and expenses. Basic wants, like food, clothing and shelter, are advertised for sale or rent in newspapers. Circle those categories which must be paid first each month. Star those categories which could be trimmed back in order to control spending.
Food is a basic want that is included in every budget.
The recommended amount of spending for food per month is 20 percent. Create a class bulletin board that displays various ways to budget for a dinner. Now search through the help wanted ads for a job that a high school graduate could do. Calculate the monthly salary. Then, using the recommended 20 percent budgeted for food, calculate the amount you would have available per week.