Analyzing a Family Budget One way to present a budget is in a circle graph. You can see at a glance which categories take the greatest part of the family's resources. You can also work backward from a circle graph to figure out exactly how much money is in each category Use the circle graph to complete the table for the Baker family's monthly budget. Their net monthly income is $4,000. Net monthly income means how much income the family has after t STEP 1 Enter the income in the table. STEP 2 STEP 3 STEP 4 Enter the percent or amount of money for each category from the circle graph in the table. Calculate the amount of money or the percent for each category in the table. Determine which expenses are fixed and which are variable. Place X's in the appropriate columns. STEP 5 Complete the Amount Available column. Emergency fund 5% Baker Family's Monthly Budget Transportation (car expense bus passes) $400 Medical (insurance and additional expenses) $600 Clothing 8% Entertainment 4% Savings $320 Housing cost (house payment and Insurance) $1,400 Food 15% Amount Item Amount Percent ($) (96) Fixed Variable Available Expense Expense ($) Net monthly income Housing cost Food Savings Entertainment Clothing Medical Transportation Emergency fund