Arturo has net pay of approximately $300 per month from his part-time job. At the start of his junior year of high school, he has three main
motivations for working: His parents don't give him a lot of “spending
money” to use for fun school events or time with his friends, so he wants
to self-fund his recreation during the last two years of high school. His
goal is to have $5000 or more saved by the time he leaves for college in
24 months. He thinks he'd like to attend senior prom (estimated cost
$750), senior trip (estimated cost $750), or both next year. Provide a plan
for how Arturo should save and spend his money to make his financial
goals possible during the remainder of high school. Explain why you are
making those choices. *