One of the biggest economic issues that the everyday person deals with is how to spend their fixed income in order to obtain the most  satisfaction and utility. The American populace in general tends to be uneducated when it comes to financial decisions and efficiency. I’m not saying that I am any better than they are at spending my money, but at least I realize that I have a lot to learn. The average person becomes a millionaire through hard work and saving, not lucky investments.

According to macroeconomics, I am being motivated by my self-interest to go out and get a job for the summer. Over the summer, I will work 25 hours a week starting June. For every hour I work get paid $7.90 as compensation for my time. So that means with 9 weeks in the summer I will work a total of 225 hours and make $1777.50 at best. I need to plan out how I will spend this money so that it is used efficiently.

Here is the Pie Chart. Keep in mind it is very tentative. Click it to enlarge.

I will have $764.32 at my disposal after I am done with all of my summer work. This money can be used for many things. I will probably buy a 2 year $500 treasury inflation protected bond and use the rest for FOREX investments if I manage to keep my scholarship. Otherwise, I expect to spend all of it on classes and books.