This entire chapter has focused on the Steeles. If you have read it carefully, you should have a good understanding of their present financial situation and what they hope to accomplish in the upcoming year. Let’s consider a few other points.
1. The Steeles saved $3,213 in 2008 and plan to more than triple this amount in 2009.
Judging from your own experiences at saving money, do you feel the Steeles will accomplish their goal?
2. Reviewing their expense allocations in the master budget worksheet, in what area(s) do you think the Steeles are likely to go “over budget” during the year?
3. The review of the Steeles’ situation on page 63 of the text seems rather harsh. Do you agree with it? Explain.