Using the monthly expense totals from the expense-tracking project (Student Handout 1C), record your total expenses in the Evaluating Your Budget Target worksheet. (Student Handout 5B) Review the variable expenses to see if you have spent too much or too little in each category. After reviewing each category, determine a dollar amount to target. In the next column, indicate strategies you will use to reach your target spending. For example, you could spend less on gas by consolidating errands. You could also shop around for car and renters insurance if you feel that you are paying too much. Once you have determined a spending target for each category, key them into the Target column of the Budget Tracking Worksheet (Student Handout 5E). Track your expenses for another month to see if the targets are in-line with spending. Use the worksheet provided (Student Handout 5C) to track daily expenses, then update your Budget Tracking Worksheet (5E) weekly. At the end of the four weeks, you will need to determine if you had a surplus or deficit in your spending targets. You may need to adjust your targets for the next budgeting cycle until you have reached a sensible spending plan. Once you have completed the budget project, complete the reflective essay (Student Handout 5F) and determine if you have created a sensible plan for spending.