We discussed ways companies balance there income, assets, and resources. Believe

Question

We discussed ways companies balance there income, assets, and resources. Believe it or not, those same principles and techniques can be applied to help financially balance your own life. Develop a projected personal budget sheet for January- June 2018. Also, explain what you would do if there was a budget short fall.

Example: Gas, Rent, Groceries, College, etc.

These are just examples. You do not have to use exact numbers. The goal is for you to beginning to pinpoint future expenses so you are able to budget/plan for your future!

Explanation / Answer

Jan Feb Mar Apr May Jun Total Income 10700 10800 11300 10800 10800 10800 65200 Salary 10000 10000 10000 10000 10000 10000 60000 Interest 200 200 300 200 200 300 1400 Others 500 600 1000 600 600 500 3800 Expenditures 8160 8780 7700 8560 6380 6440 46020 Rent 3000 3000 3000 3000 3000 3000 18000 Vehicle EMI 2300 2300 2300 2300 2300 2300 13800 Education 2000 2500 1000 2500 8000 Fun 500 600 1000 300 700 800 3900 Groceries 200 200 200 200 200 200 1200 Internet/phone 0 0 0 100 0 0 100 Gas 160 180 200 160 180 140 1020 Investment 1000 0 500 0 500 0 2000 Tax 2140 2160 2260 2160 2160 2160 13040 Savings -600 -140 840 80 1760 2200 4140

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