Economics Term Paper

Starting June 10, 2013, my daily expenses are to be recorded in every way. Whether for food, fare, personal things or even the slightest spare change for the street children. At first, writing every expense was hard for me; especially that it is a daily basis of recording. During the first week, I don’t notice the benefits of doing these five days a week, in the span of first semester. My fare expense doesn’t change, my food expense plays around 60 pesos daily, and no other expenses are being spent between those two. But as the month of June ends, I noticed the benefits of this activity. Due to curiosity, I excitedly tally my total budget for the month of June, deduct all my expenses and found out that I have some spare money for that month in form of coins. I collect all my coins from different places, such as my bag, my purse, my shoes, and some of them are hiding in my notebooks and notes. Even though it is just a small amount, the daily journal of expenses helps a lot, because of the daily breakdown of my budget and provisions.
When July comes in, I carefully try not to buy many unnecessary things to maintain my daily savings. The first week was okay, but when projects and vices such as bets, billiards and personal needs come simultaneously every day, I find it hard to save some money, thus spending my savings from the month of June. As time pass during the second half of July and August, my expenses have their ups and downs, like winning a high raised bet then watching a movie afterwards. I have some of my money due to the help of the journal, but when I save a big amount, a tiny simultaneous expense will follow then a big saving will happen again by next week, just like what an economics saying is, “What goes around, comes around.”. Before August end, my savings blew up because of different circumstances where my only expense is the fare from home to school and vice versa and due to different school activities where someone will treat me or someone give