Budgeting | Choose what you will pay for with $1,200 for 90 days
Budgeting | Choose what you will pay for with $1,200 for 90 days
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👥 Group: individual or in pairs
⏰ Activity duration: 30 - 45 minutes
🎯 Activity objectives
To learn how to allocate a fixed amount (US$1,200) realistically, according to priorities, over a period of 90 days (3 months), in the context of reintegration into your country, avoiding the risk of impulsive spending or finding yourself in the undesirable situation of not having money for essential needs.
🧠 Skills developed | Competencies developed
Planning and managing personal finances
Making informed and responsible financial decisions
Setting financial priorities
Identifying and managing financial risks
🔄 Steps in carrying out this activity
The reintegration budget is $1,200 for the first 90 days.
Fill in the budget and estimate possible expenses by category. This means you can only "spend" the equivalent of $1,200 in your currency.
3. In pairs, based on the budget you have each completed, discuss the possibility of finding solutions in the context of unforeseen but possible events. "What do I do if...?"
You have a fever and cannot work for 7 days.
One of your business's basic pieces of equipment breaks down.
During a rainy week, you only sell half of what you usually do.
Raw materials have increased in price by 30%.
You temporarily lose your ability to work.
The inflation rate increase by 5%
4. Individually, decide whether it is important to make changes to your budget in this context.
5. Mark in your budget, in a distinctive color, "What did I keep? What did I cut?" and be prepared to justify your decision.
💬 Questions for personal reflection
What expenses are essential for me?
Where have I made compromises?
How much have I set aside for the future? How will I actually do this?
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