PHA Workshop: Foundational Budgeting and Financial Stability

Session 5: Collaboration Project with Paducah Housing Objectives - Build a zero-based or 50/30/20 monthly household spending plan. - Track fixed vs. variable expenses and prepare for utility fluctuations. - Build an initial emergency buffer and avoid predatory financial services. Key Concepts - Fixed vs. Variable Expenses: Prioritizing rent, utilities, and food before discretionary spending. - Utility Management: Weatherization habits, managing seasonal heating/cooling spikes, and enrolling in utility discount or budget billing programs. - Banking vs.