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Creating Your Own Personal Budget and Balancing Your Checkbook
Fairchild, Gregory B.; Fairchild, Tierney; Black, Christina; Jones, Liz Ivaniw Case F-1868 / Published June 28, 2019 / 9 pages. Collection: Darden School of Business
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Product Overview

Christine Angelo was going to be released from prison soon, after serving a combined three-year sentence for grand larceny and a probation violation. She was nervous and sometimes overwhelmed by all the things she knew she had to do when she went home, including dealing with her probation officer, finding a job, taking care of her two small children, and paying her court fines and restitution. Many of her wrong choices had revolved around money; there had never seemed to be enough to cover all her bills. She wanted to learn how to create a budget and manage her money better, and to have a plan in place before she was released. She sought out help from a woman in her building who had been a financial planner, and then took the prison's money management class.



Learning Objectives

Participants will learn how to differentiate necessities from luxuries, and will decide what their own necessities and luxuries are. They will learn how to make a personal budget and practice balancing a checkbook.


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  • Overview

    Christine Angelo was going to be released from prison soon, after serving a combined three-year sentence for grand larceny and a probation violation. She was nervous and sometimes overwhelmed by all the things she knew she had to do when she went home, including dealing with her probation officer, finding a job, taking care of her two small children, and paying her court fines and restitution. Many of her wrong choices had revolved around money; there had never seemed to be enough to cover all her bills. She wanted to learn how to create a budget and manage her money better, and to have a plan in place before she was released. She sought out help from a woman in her building who had been a financial planner, and then took the prison's money management class.

  • Learning Objectives

    Learning Objectives

    Participants will learn how to differentiate necessities from luxuries, and will decide what their own necessities and luxuries are. They will learn how to make a personal budget and practice balancing a checkbook.