Budget Exercise Essay

Submitted By rbharr1
Words: 377
Pages: 2

Housing
Utilities
Car Payment
Insurance
Student Loans
Food
Misc
Entertainment
Gas
Savings
Monthly Budget Total:
Total Monthly Expense
Compare to Budget

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My Household Budget

$1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00
$200.00 $200.00 $210.00 $185.00 $240.00 $170.00 $145.00 $150.00 $145.00 $160.00
$180.00 $180.00 $180.00 $180.00 $180.00 $180.00 $180.00 $180.00 $180.00 $180.00
$100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00 $100.00
$125.00 $125.00 $125.00 $125.00 $125.00 $125.00 $125.00 $125.00 $125.00 $125.00
$300.00 $250.00 $275.00 $300.00 $350.00 $200.00 $300.00 $325.00 $275.00 $250.00
$30.00
$20.00
$25.00
$25.00 $150.00
$35.00
$10.00
$25.00
$5.00
$15.00
$60.00
$60.00
$45.00
$80.00
$50.00
$60.00
$45.00
$75.00
$75.00
$50.00
$300.00 $250.00 $260.00 $250.00 $325.00 $275.00 $300.00 $275.00 $300.00 $275.00
$205.00 $205.00 $205.00 $205.00
$0.00 $280.00 $250.00 $210.00 $295.00 $250.00
$2,500.00
$2,390.00 $2,425.00 $2,450.00 $2,520.00 $2,425.00 $2,455.00 $2,465.00 $2,500.00 $2,405.00

$110.00

$75.00

$50.00

-$20.00

$75.00

$45.00

$35.00

$0.00

$95.00

My Budget
$205.00
$60.00
$30.00

$300.00

$1,000.00

$300.00
$180.00 $200.00
$125.00
$100.00
Housing

Car Payment

Insurance

Student Loans

Food

1

Utilities
Misc

Entertainment

Gas

Savings

RHarris

My Household Budget

Question 1. If I received a $700 bonus one month, I would add $200 to my savings account or category and create a new category entitled "Emergency Fun wouldn't want to increase any of my expenses as I believe they are sufficient, however I would like to increase my savings amount, and create an Emergen when unexpected expenses arise.

Question 2. If my car unexpectedly needed a $350 repair, (and my Emergency Fund mentioned above was not yet established) I would pull the $205 normal reduce my monthly expense for Gas by $50, Entertainment by $45, and Food by $50, to give me the $350 needed for the repair. These expenses can be ma carpooling and cutting back on luxuries such as eating out or the purchase of wants versus needs when grocery shopping.

Question 3. In the month of April, I went over my budget due to helping a family in need that was temporarily displaced from their home. While assisting th people using more electricity and heat, I purchased more Food, used more Gas to help…