What 2-3 options would you outline for Alana to help her achieve her goals? Be ready to discuss with her the pros/cons of working more versus finding other ways to adjust her budget. Be specific with your recommendations, highlighting specific costs or income sources.

3 options to help Alana achieve her goals include;

For Alana to save a considerable amount of her money, she must be willing to draw a priority list where important expenses come first. Expenses that are not so important can come later.

When she receives her salary, the money for expenses should be immediately separated from the savings. Alana's note shows that she spends a lot on entertainment. $40 on coffee, $36 on movies, $48 on meals with friends, 3 trips to the mall are way too much on entertainment. Alana should reduce the expenditures on pleasures.

If Alana decides to work more, she might break down in her physical health but if she decides to adjust her budget, then she saves her energy and invests more time in her studies.

Summarily, for Alana to achieve her goals, she should make a list, separate money for expenses, and cut down on entertainment.

Learn more about budgeting here:

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