Question

Soraya is trying to avoid running out of money every month. She has asked her employer to deposit her paycheck directly into her bank account. She has also cut back on expenses by eating out just once a week, driving her car as little as possible, and limiting visits to her favorite coffee shop. She has also put all discretionary purchases on her credit card so that she can pay for everything at the end of the month. What do you think she should do to avoid running out of money every month?

Answer 1

Answer:

There are many ways for Soraya to stop running out of money each month.

• Stop going out to eat or only when she needs to.
• Budget her groceries, buying only what she needs
• Instead of driving her car everywhere, she can ride a bike or use another mode of transportation
• Spend as little as possible
• Get a bus card so that she doesn't have to spend money on gas
• Make no unnecessary purchases
• Do without- instead of running out for what she needs every time she needs it, use substitutions