Name: Timothy B Davenport

Date: October 17, 2014

Budgeting - the 50/20/30 rule

From LearnVe$t
Monthly income =

$ 1935

Envelope
50%

1 Fixed

Bills, bills, bills.

Monthly income X 0.50 = $ 967.50
Rent roommates = $ 475
Car insurance =

$0

Bus pass = $ 25
W/S/G roommates = $0
Electricity: $62.14 roommates = $ 62.14
TV: $55.76 roommates = $ 0
Internet: $54.97 roommates = $ 54.97
Cell phone =

$68.48

Netflix: $8.74 roommates = $ 8.74

Gym =

$15.89

Total =

$ 710.22

Envelope 2 Financial Goals

20%

Pay off your debts, and save for your future.

Monthly income X 0.20 = $ 247
Late credit card payments = $0
Student loans = $0
Savings =

$ 100

Emergency fund = $ 147

Total = $

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30%

3 Flexible Spending

Make it rain.
Monthly income X 0.30 = $ 580.5
Food = $ 400
Gas =

$0

Clothes = $ 180.50
Coffee $
Fun Things to do $

Total $