For Creating a Personal Budget
The amount of money used for basic personal expenses such as housing, food, transportation, and taxes is
called the cost of living. The cost of living for a city indicates how expensive or inexpensive it is to live there.
Roxy is planning to move to Fort Lauderdale, Florida, and work as a nurse. She has one dog and no children.
She uses public transportation and plans to rent an apartment when she moves. The new company she'll work
for pays employees bimonthly, which means twice a month. In this activity, you'll help Roxy make a budget.
ents
Part A
Roxy decides that she wants to set a financial goal of saving for an emergency fund. Write about some of
the ways Roxy could make her financial goal a SMART goal.
Remember, a smart goal adheres to the SMART acronym:
Specific
Measurable
Achievable
Realistic
Timely
E = 3