Compare their budget to the guidelines from the 50-30-20 budget from Exercise 27. Kiera and Logan gather

Question:

Compare their budget to the guidelines from the 50-30-20 budget from Exercise 27.

Kiera and Logan gather their bills from the last 6 months. Their fixed expenses, with costs, are rent for \(\$ 1,350\), Kiera's car payment for \(\$ 275\), Logan's car payment of \(\$ 380\), student loans (they each have students loans) for \(\$ 934\), car insurance for \(\$ 289\), internet service for \(\$ 39\), Netflix for \(\$ 15\), Amazon Prime for \(\$ 24\), gym membership for \(\$ 99\), and cell phones for \(\$ 250\). The variable cost expenses, and their average costs for the last 6 months, are utilities for \(\$ 370\), gasoline for \(\$ 500\), food for \(\$ 475\), clothing for \(\$ 225\), and miscellaneous entertainment expenses for \(\$ 535\). They always pay off their credit card bill and carry no balance.


Data from Exercises 27

Create their budget, using the income from Exercise 25.

Kiera and Logan gather their bills from the last 6 months. Their fixed expenses, with costs, are rent for \(\$ 1,350\), Kiera's car payment for \(\$ 275\), Logan's car payment of \(\$ 380\), student loans (they each have students loans) for \(\$ 934\), car insurance for \(\$ 289\), internet service for \(\$ 39\), Netflix for \(\$ 15\), Amazon Prime for \(\$ 24\), gym membership for \(\$ 99\), and cell phones for \(\$ 250\). The variable cost expenses, and their average costs for the last 6 months, are utilities for \(\$ 370\), gasoline for \(\$ 500\), food for \(\$ 475\), clothing for \(\$ 225\), and miscellaneous entertainment expenses for \(\$ 535\). They always pay off their credit card bill and carry no balance.

Data from Exercises 25

Determine how much income Kiera and Logan have per month.

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