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Will you Find Your "Pot of Gold" at the end of the Rainbow?

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   Bailee Tripp, Junior, Sheldon High School

            An old Irish legend says that there is a “Pot of Gold at the End of the Rainbow?” Will we have a “pot of gold” at the end of our rainbow? Probably not in reality, but we can be sure we have money for what we need and what we want if we use a budget.

        A budget is an estimate or a plan of your income and expenses, whether they are fixed or variable expenses, for a set period of time based on how often you get paid. By using a budget and planning you will be more likely to find or save that “pot of gold” at the end of your rainbow.

        A budget will help you plan and strategize to pay your expenses on time and not over extend yourself. A budget will also help you be able to plan how you will “pay yourself first” and have savings plans for the larger items you want or need and have an emergency fund for breakdowns or injuries or illness that make you have to be off work.

        In your “pot of gold” at the end of the rainbow, when you use a budget wisely, you will not only be able to pay your bills on time, afford items you normally couldn’t, have savings plans, and you will also have a good credit rating that will also help you lower your interest rates when you decide to make large purchases such as a car or house.

        I do realize that finding the “pot of gold at the end of the rainbow” is just a legend,  but I have learned that using a budget will aide me in having that “pot of gold” throughout life, that will make my life less stressful and help me afford the items I want in life.

        For my project I made a rainbow to represent the items a person has to pay for the things you want. If you’re happy then don’t “buy” happiness. You have to pay bills, like rent, car insurance, phone bill, electricity, water and heat. You also have to buy groceries and maybe a car if you don’t have one. You have to work to get the things that you want.

        A budget is a great thing to have when you grow up and begin life in the real world, like when you buy a house or when you buy things in general. You should know how much you can spend a month and work around on your pay check. Make a savings account and save some money from each check. Put that money there for something you really want. Money comes in coins and dollar bills. It won’t change anything whether you decide to use coins or bills. You should also set aside money if your car breaks down or something goes wrong in the house or if something happens to you and you may need surgery. You have to pay all of those bills but it can’t buy happiness.