Question

Your friend Tammy just got a part-time job so she can afford to attend a school trip abroad later this school year. Tammy gets a paycheck on the 1st of every month, and a cash payment is due to the International Club advisor by the 3rd of every month with no exceptions. More than one late payment results in being removed from the trip. What recommendation do you have for Tammy?

Answer 1

I recommend that Tammy create a budget to keep track of her income and expenses. She should also set up automatic payments for her International Club advisor so she doesn't miss any payments. Additionally, Tammy should create a savings plan for the trip to make sure she has enough money for it. Finally, she should start the habit of setting aside money from each paycheck for the trip, so she has a consistent source of funds when she needs them.