ANNUAL BUDGET Amount Percent Income $50,000 100% Expenditure Housing $12,000 24% Food $15,500 31% Transportation $9,853 20% Education $1,000 2% Utilities $4,500 9% Taxes $1,200 2% Health Care $494 1% Family Care $800 2% Miscellaneous $653 1% Savings $4,000 8% Total $50,000 Using the chart above, You selected a 10 year time frame to achieve your savings goal of 40,000.00. How can you tell that the time frame you chose is realistic? Explain