Referring to Exercise 16: Monthly income (=$ 3,633.00) Determine the amount of money that should be allocated

Question:

Referring to Exercise 16: Monthly income \(=\$ 3,633.00\)

Determine the amount of money that should be allocated to each of the three categories of the 50-30-20 budget philosophy guidelines.


Data from Exercises 16

Per month: paychecks \(=\$ 3,460\), Gig job \(=\$ 173\), Rent \(=\$ 895\), Utilities \(=\$ 165\), Car payments \(=\$ 195.80\), Car insurance \(=\$ 123.30\), Food \(=\$ 265\), Gasoline \(=\$ 185\), Internet \(=\$ 39\), Hulu \(=\$ 15\), Amazon \(=\$ 23\), Credit cards \(\$ 97.60\), Entertainment \(=\$ 600\)

Create the budget, including totals and how much the income exceeds or falls short of the expenses, based on the information given.

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