For one week, consciously use the Step-Down Principle

Subject:BusinessPrice: Bought3

Share With

For one week, consciously use the Step-Down Principle.  You can use it to reduce time or money in the area of food, to reduce your expenses in general, to improve your nutrition, or to improve physical activity (Chapters 7 and 8 of the textbook covers the Step-Down Principle).  Also, look at the Martin family’s expenses for last month (below) and note that they spent more than they made.  Write a paper with two parts being sure to cover all of the following points.  The paper should be 2-3 pages double spaced.

Part 1 – Talk about using the Step-Down Principle in your own life. 

• Give specific examples of how you used it and what the results were. 
• Did you like it? 
• What specific improvements did you see? 
• Will you continue to use it? 

Martin's Expenses

Part 2 – Discuss how the Martin family could benefit from using the Step-Down Principle to reduce their expenses. 

•  In what areas of spending do you think they could cut back?  
• Will they have to change their life style if they use the Step-Down Principle?