LETTUTTO Emma just finished her senior year and scored a local PR intership for the summer before college. The PR fimm
was impressed by her freelance work and has offered her a monthly stipend of $2.100 for three months.
She doesn't normally have any expenses, but her parents are trying to instill smart financial practices. In
addition to receiving a credit card for emergencies only, she'll be expected to pay for her own
transportation cell phone bill, and contribute to an emergency fund. Her public transportation pass is $105
per month Her monthly phone bill averages $35 for her share. And she has decided to save $525. or 25% of
each stipend
Her intership is in full swing, and Emma has her first $2.100 stipend. With $1.435 left to spend after paying her
bils. Emma budgets about 50% for everyday expenses and entertainment, or $718.
A national one-day PR conference and networking event is coming up. Emma's internship is offering her free
admission, but she'l have to pay for the train commute herself, which will total $100. Emma wants to make a
good impression and decides she wants to buy a new dress ($180), blazer ($300), and heels ($129) for the
occasion. She also wants to print business cards ($50). resumes ($20!. and one professional portfolio ($70) to
cony around. She doesn't have enough money in her budget to cover all of the personal and professional
expenses, so she considers either tapping into her emergency fund or using her credit card to cover the costs.
Emma knows this networking event will be a great place to make valuable connections. This is her time to
shine, but she's not sure how to make a lasting impression.
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