Assignment: Revising a Budget

You have just been promoted at your job, and now you have a net income of $2,190. You would like to use this income to meet new financial goals.

1. Make a budget that will allow you to save at least $100 by the end of October.

Remember, your old budget reflected a net income of $1850.00 and included these expenses:

• $600 for your rent
• $475 for your car payment, car insurance, and gas
• $230 for your utilities, phone, and Internet
• $300 for your groceries
• $50 for your entertainment
• $20 for your renters insurance
• $75 for discretionary spending
• A final net total of $100 saved per month

Your new budget needs to include these changes:

• A new line to budget $50 per month toward a new computer
• Other expenses may be modified as you choose.
• A final net total of at least $300 saved per month

Scroll to the next page to edit your budget with these changes in mind.

Page Break

----------------How do I fill in the chart underneath with the information above?

Monthly Personal Budget Income and Expenses Old Budget New Budget One-Year Total Income Total income Fixed expense Total fixed expenses Variable expense S Total variable expenses Totals Total expenses Net savings