Name: Mariana/ Sarah

Date: 10-24-2014

Budgeting - the 50/20/30 rule

From LearnVe$t
Monthly income =

$967.50

Envelope 1
50%

Fixed

Bills, bills, bills.

Monthly income X 0.50 = $483.75
Rent roommates = $475.00
Car insurance =

$0

Bus pass = $25

W/S/G roommates = $0
Electricity: $62.14 roommates = $31.07
TV: $55.76 roommates = $0
Internet: $54.97 roommates = $0
Cell phone =

$68.48

Netflix: $8.74 roommates = $4.37

Gym =

$0

Total =

$619.81

Envelope 2
20%

Financial Goals

Pay off your debts, and save for your future.

Monthly income X 0.20 = $193.50
Late credit card payments = $0
Student loans = $0
Savings =

$100

Emergency fund = $80

Total = $180

Envelope 3
30%

Flexible Spending

Make it rain.
Monthly income X 0.30 = $290.25
Food = $250
Gas =

$0

Clothes = $
Other $
Other $

Total $