The budget and 50-30-20 rule from exercises 16 and 20 . Evaluate the given budget with respect
Question:
The budget and 50-30-20 rule from exercises 16 and 20 .
Evaluate the given budget with respect to the 50-30-20 budget philosophy guidelines.
Data from Exercises 20
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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