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Bryant and Stratton College, Buffalo *

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265

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Mechanical Engineering

Date

Nov 24, 2024

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Week 6 Discussion Hello everyone, I hope you are all having a great day, When reading the lecture, I learned that there are 4 different types of people when it comes to finances. The 4 different types of people are budgeters, actives, reactives, and spenders. Budgeters have a plan/budget that helps them keep track of what they are spending. An active is someone who watches what they spend but do not budget their finances. A reactive is someone who spends on current circumstances and they do not monitor or budget their finances. Spenders are people who are more likely to overspend their money. By categorizing yourself and determining what type of person you are with your money, it can help show you where you need to improve or if you are doing good then it can help show you what to keep doing. Some tips that I learned from the lecture about saving money are spreadsheets like excel, speaking to a financial advisor, and using apps that help you budget your money. There are many ways to budget and save your money. Some ways are to calculate and keep track of what you spend, do not buy impulsively and spend wisely, and prioritize what you are spending money on. Save every extra penny you have so that you can use it as needed or for an emergency. Do not ever spend more than what you have, it can make it diffifcult for you to get back on track with your finances.
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