Wk3 - Problem Scenario

 

Category	Details
Ideal	Saving 20% of monthly income for future goals.
Reality (Gap)	Spending impulsively, leaving little to no savings.
Causes/Conditions	No budgeting, and lots of emotional spending.
Effects/Results	Financial stress, inability to build savings.
Goal	Stick to a budget and control impulsive purchases.
Possible Change	Create "Fun Funds": Where I allocate a small portion of my budget (e.g., 10%) specifically for non-essentials like figurines, accessories and etc. This allows guilt-free spending while keeping overall expenses under control.
Testing the Hypothesis > Solution	Track all expenses for a month and adjust spending habits accordingly.
Outcome of Change	Increased Savings and reduced financial stress