The Brandon household has a monthly income of $5,630 on which to base their budget. They plan

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The Brandon household has a monthly income of $5,630 on which to base their budget. They plan to save 10 percent and spend 32 percent on fixed expenses and 56 percent on variable expenses.

a. What amount do they plan to set aside for each major budget section?

Savings $__________

Fixed expenses $__________

Variable expenses $__________

b. After setting aside these amounts, what amount would remain for additional savings or for paying off debts?

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Focus On Personal Finance

ISBN: 9780077861742

5th Edition

Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart

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