budgetreview

After you have completed your budget, you should get your budget reviewed by a peer. This what the extra copy of the budget is for. They should look over your budget, ensuring that it makes sense. You will also be doing the same for them.

Things to Look Out For:

-- Are they budgeting enough for necessities? For instance, $20 a month for groceries is not enough; neither is $20 a month for gas. Be realistic! -- Are they missing some important topics? Compare your two budgets to make sure nothing is missing from either. -- Are your budget amounts correct? That is, did you properly calculate your rent and car payments?

If you have any questions that you can't answer together, please see me and I will help you.

Once the review is complete, return the budget to its owner. They should then take the revisions into consideration and then make corrections to their budget. Not all suggestions have to be used! Your budget may be perfect. If so, that's fine.

In the interest of being accurate (and possibly using this to plan out your future), ask an adult what they think of your budget. They may have insight that you and your peers don't have.


 * YOUR FINAL PORTFOLIO SHOULD INCLUDE:**

The budget sheet as reviewed by your classmate, with notes written by your classmate on the budget making their suggestions.

A revised budget that takes into consideration ideas from your peer as well as some that you may have reconsidered after thinking it over.