Question

Shardell and Marsha are planning a party since they both owe and they have agreed to split the cost of everything in half

Answer 1

That sounds like a fun plan! To make sure they manage their budget effectively, Shardell and Marsha should consider a few steps:

1. **Budgeting**: Determine a total budget for the party. This includes venue, food, drinks, decorations, and any entertainment.

2. **Cost Estimation**: Make a list of all potential costs. Research prices for items like catering, decorations, and any rental fees.

3. **Expense Tracking**: As they make purchases, keep track of the expenses. They can use a shared document or an app to record everything.

4. **Payment Agreement**: Decide how they will split payments. They can each pay for specific items upfront or use a single payment method and then reimburse each other later.

5. **Final Reconciliation**: Once all expenses are tallied, they should sit down together to ensure everything is split evenly and settle any outstanding payments.

If you want help with a specific aspect of their party planning or budgeting, feel free to ask!