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A New Plan After Mohammed figured out his Monthly Income after Expenses, he realized that he didn't have enough money each month to achieve his
A New Plan After Mohammed figured out his Monthly Income after Expenses, he realized that he didn't have enough money each month to achieve his goals. He talked with his counselor and then decided to change his life a little in order to save more money each month. He decided to develop a new budget plan. Two of the things he changed are listed below Mohammed will change these things: 1. He found a cheaper cellular phone plan that is $30 a month. 2. He decided to detail one more car each month and add $100 more to his Income List three more ways he can cut his expenses. 1. Then, create his new budget (with the new changes), using the form provided $1600 Monthly Income Net pay take home py): Other income: car detailing Total Monthly Income Expenses Housing Expenses Rent/Mortgage Gas/Electricity $475 $1700 $920 Other Expenses Food Carloan: Car insurance: Car maintenance & repair SH10 $85 $15 $65 $50 850 $30 $211 Gasoline: Credit card payments: Telephone: Cellphone Doctors/dentists Entertainment 1. Cablety (30) 2. Restaurants & clubs (113) 3. Subscriptions ($28) 4. Other (840) Clothing Other expenses 1. Cigarettes (580) 2. Gym membership ($18) Total Monthly Expenses $30 $98 $1504
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