Take a critical and analytical (objective) look at your life. Think about your wants and needs. In two separate columns, list your top ten wants and your top ten needs. For each one, give a one-sentence explanation as to why it is a want or a need. Next, explain why you need your needs, but don't actually need your wants. How does this change your perspective when considering things you want?

Design a budget using the template you researched and chose from the Internet. Allow yourself an income of $240 per month. Assume that your housing, medical care, and food needs are covered by your parents. Everything else is covered by you. This might include, but is not limited to: clothing, snacks, car insurance, automobile fuel, car payment, haircuts and personal care, toiletries, club memberships, entertainment, and any other purchases. Designate how you will allocate the $240 monthly.