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MARCH 23, 2018LIFE IS
EXPENSIVE
A young persons guide to
money managementDeseret News1T A B L EO FC O N T E N TS When I grow up...3Lets go to work4The family factor6DISCOVERING THE
REAL COST OF Living
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How to fill out life is expensive
How to fill out life is expensive
01
Begin by calculating your monthly income and expenses. This will help you evaluate how much you can afford to spend on various aspects of your life. Make sure to account for fixed expenses such as rent, utilities, and transportation costs.
02
Identify areas where you can cut back on expenses. This might include reducing your dining out frequency, finding cheaper alternatives for entertainment, or downsizing your living arrangements.
03
Create a budget to track your spending and ensure that you stay within your means. Allocate a certain amount of money for each category, such as groceries, transportation, and leisure activities.
04
Prioritize your expenses based on your needs and values. Make sure to cover essential expenses first, such as housing, food, and healthcare. Then allocate the remaining funds to other areas according to their importance to you.
05
Look for ways to increase your income. This could include seeking a higher-paying job, taking on additional part-time work, or starting a side business or freelancing.
06
Save for emergencies and unexpected expenses. Setting aside a portion of your income each month will provide you with a financial safety net and prevent you from falling into debt.
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Continuously review and adjust your budget as needed. Life circumstances and financial goals can change, so it's important to keep track of your expenses and make necessary modifications.
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What is life is expensive?
The phrase 'life is expensive' often refers to the high cost of living and the various expenses associated with daily life, including housing, food, healthcare, and education.
Who is required to file life is expensive?
Typically, individuals who are managing their budgets or seeking financial assistance may need to file or document their expenses in relation to the statement that 'life is expensive'.
How to fill out life is expensive?
To fill out a budget related to life being expensive, one should list all monthly income sources and categorize and sum all expenses related to living costs.
What is the purpose of life is expensive?
The purpose of acknowledging that 'life is expensive' is to highlight the financial challenges many face and to encourage better personal finance management.
What information must be reported on life is expensive?
Information that should be reported includes income sources, fixed and variable monthly expenses, and any debts or financial obligations.
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