Describe how to create a monthly budget and how to understand a paycheck and paystub.

Description should include

• a monthly personal budget
• the 70-20-10 rule
• steps involved and the factors to evaluate when creating a budget
• the various components of a paycheck and paystub.

Process/Skill Questions:

• What is the 70-20-10 rule?
• What are the steps involved and the factors to evaluate when creating a budget?
• What are the various components of a paycheck or paystub?