15.Bill and Debbie?s net monthly income is $3,500. Complete the Budget Sheet Bel

Question

15.Bill and Debbie?s net monthly income is $3,500. Complete the Budget Sheet Belem A Money manager For Bill and Debbie Date Monthly Living Expenses Monthly Fixed Expenses Phone/Internet$30.00Mortgage $1,000.00 Utilities $200.00 Car Loan $125.00Transportation $200.00 Total 40 Food $240.00 Annual Expenses Entertainment $300.00 Total $4,258.00 Save $300.00 Monthly Spare(of annual) , Monthly Balance Sheet Net Income(Total Budget) Living Expenses Fixed Expenses Annual Expenses Total Monthly Expenses Total Balance

Explanation / Answer

1.Monthly living expenses total =1270

2.Monthly fixed expenses total =1125

3. Monthly share ( of annual ) = 4258/12 = 354.83

Monthly Balance sheet:

Net income =3500

living expenses = 1270

fixed expenses = 1125

Annual expenses =354.83

Total monthely expenses = 1270+1125+354.83 = 2749.83

Balance = 3500 - 2749.83 = 750.17

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