Scribd Logo
Upload

Welcome to Scribd!

  • Low Income Budget

    Uploaded by

    deoraj
    7 views1 page
    This document outlines a person's monthly budget, which includes $2,000 in income and $1,560 in expenses. The largest expenses are $615 for rent and home insurance, $350 for food, and $205 for the car. After accounting for expenses, the person has $440 in unbudgeted income. They then set aside $200 each for flex spending and savings, leaving a $40 monthly surplus.

    Original Description:

    Original Title

    Low-Income-Budget.docx

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document outlines a person's monthly budget, which includes $2,000 in income and $1,560 in expenses. The largest expenses are $615 for rent and home insurance, $350 for food, and $205 for the car. After accounting for expenses, the person has $440 in unbudgeted income. They then set aside $200 each for flex spending and savings, leaving a $40 monthly surplus.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views1 page

    Low Income Budget

    Uploaded by

    deoraj
    This document outlines a person's monthly budget, which includes $2,000 in income and $1,560 in expenses. The largest expenses are $615 for rent and home insurance, $350 for food, and $205 for the car. After accounting for expenses, the person has $440 in unbudgeted income. They then set aside $200 each for flex spending and savings, leaving a $40 monthly surplus.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Monthly Income: $2,000

    Expenses Amount Total

    Home
    ● Rent $600
    ● Insurance $15 $615

    Car
    ● Insurance $75
    ● Gas $80
    ● Maintenance $50 $205

    Utilities
    ● Electric bill $30
    ● Water bill $15
    ● Cell phone bill $45
    ● Cable/internet $60 $150

    Food
    ● Groceries $300
    ● Restaurants $50 $350

    Personal
    ● Clothes $60
    ● Grooming $30
    ● Medical $50 $140

    Other
    ● Gifts $50
    ● Entertainment $50 $100

    Total $1,560

    Income $2,000
    - Expenses $1,560
    = $440 Unbudgeted income
    - $200 Flex money (10% of $2,000 monthly income)
    - $200 Savings (10% of $2,000 monthly income)
    = $40 Surplus to spend as you wish

    Downloaded from http://www.wikihow.com

    You might also like