Scribd Logo
Upload

Welcome to Scribd!

  • 230 views

    Budgeting Activities

    Uploaded by

    api-288395661
    The document provides a budget sheet for Diana and Paul Pender, a married couple. It lists their total monthly living expenses as $1161.50 and fixed expenses as $1000. Their total annual expenses are $1742, which equals $145.17 per month. Their total monthly expenses are $1306.67. According to the information provided, the Penders live within their monthly net income and budget well, though they could reduce spending on eating out and entertainment. The document then provides instructions for creating a personal budget sheet to track income, expenses, and savings over a set period of time.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Budgeting Activities

    Uploaded by

    api-288395661
    230 views2 pages
    The document provides a budget sheet for Diana and Paul Pender, a married couple. It lists their total monthly living expenses as $1161.50 and fixed expenses as $1000. Their total annual expenses are $1742, which equals $145.17 per month. Their total monthly expenses are $1306.67. According to the information provided, the Penders live within their monthly net income and budget well, though they could reduce spending on eating out and entertainment. The document then provides instructions for creating a personal budget sheet to track income, expenses, and savings over a set period of time.

    Original Description:

    Original Title

    budgeting activities

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document provides a budget sheet for Diana and Paul Pender, a married couple. It lists their total monthly living expenses as $1161.50 and fixed expenses as $1000. Their total annual expenses are $1742, which equals $145.17 per month. Their total monthly expenses are $1306.67. According to the information provided, the Penders live within their monthly net income and budget well, though they could reduce spending on eating out and entertainment. The document then provides instructions for creating a personal budget sheet to track income, expenses, and savings over a set period of time.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    230 views2 pages

    Budgeting Activities

    Uploaded by

    api-288395661
    The document provides a budget sheet for Diana and Paul Pender, a married couple. It lists their total monthly living expenses as $1161.50 and fixed expenses as $1000. Their total annual expenses are $1742, which equals $145.17 per month. Their total monthly expenses are $1306.67. According to the information provided, the Penders live within their monthly net income and budget well, though they could reduce spending on eating out and entertainment. The document then provides instructions for creating a personal budget sheet to track income, expenses, and savings over a set period of time.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Budgeting Activities

    Activity 1
    Diana Pender is a landscaper. Her
    husband, Paul, is a radio
    sportscaster. They completed the
    budget sheet below, using
    records of their past
    expenditures. Use the budget
    sheet to answer the 10 questions
    below.

    1. How much are the


    Penders total monthly living expenses? 1161.5$
    2. What is the total of their monthly fixed expenses?1000$
    3. What is the total of their annual expenses? (Listed in the middle of the 2nd column)
    4.
    5.
    6.
    7.

    1742$
    What must they set aside each month for their annual expenses? 145.17$
    What are their total monthly expenses? (Add living, fixed and monthly share of annual)
    Do the Penders live within their monthly net income? Yes they do
    What individual expenses would the Penders find difficult to reduce? Gas, food,

    electricity,
    8. What percentage of the Penders total monthly net income are the monthly living
    expenses and fixed expenses?
    83.1%
    9. What is the monthly share (%) of annual expenses? (annual expenses paid per month
    divided by monthly income) 5.5%
    10.Look at the Penders budget. Are they doing a good job budgeting? Do you have any
    recommendations for them? Spending a lot of money on eating out and
    entertainment, do things what dont require so much money

    Now its time for you to make your own budget


    Instructions:
    First, decide what period of time you are budgeting for. Look at your spending log!
    Next, estimate your income (from jobs, allowance, gifts, etc.) for that period of time. Write
    these items in the Description column (A), and the amounts in the Income column (B).
    After entering any income, add that amount to the total money you have available (D). That is
    how much money you have available now.
    Identify each of your expenses during that time period.
    For each expense, ask yourself if its fixed or flexible. Is it a want or a need? Enter this in
    column E when applicable.
    After entering each expense (A and C), subtract that amount from the total money you have
    available. That is how much money you have available now (D).
    Decide how much money you will save during this time period. Enter this as an expense (C).
    Consider what you will do with any extra money you have available after you have identified all
    the items you will buy.
    Decide what you will need to do if you dont have enough money available for all the items you
    want.

    James Kalin

    Column B

    My Budget for:
    This year

    1 year

    Description (A)

    Income (+)

    Expense (-)

    2500$

    Occasional money
    from family.
    Occasional game
    Saving

    300$ a year

    Expenses
    only:
    Fixed or
    Flexible &
    Want or Need

    2800$
    80-100$

    2700$

    200$

    Still have 2700$


    All extra money
    will be saved

    You might also like