Continuing case- Managing a budget

various categories for the family Budgel MONEY Directions of the book ries provide help you pl Appendix I tinuing ase MANAGING A BUDGET Jamie Lee Jackson, age 24, now a busy full-time college student and part-time clerk, has been trying to organize all of her priorities, including her budget. She has bee wondering if she is allocating enough of her income toward savings, which includes accm Question mulating enough money toward the $9,000 down payment she needs to open her drean 1. What in various 2. How ca budget cupcake caf. Jamie Lee has been making regular deposits to both her regular and her emergency sa accounts. She would really like to sit down and get a clearer picture of how much she is spending on various expenses, including rent, utilities, and entertainment, and how her deb compares to her savings and assets. She realizes that she must stay on track and keep a detailed budget if she is to realize her dream of being self-employed after college graduation. Current Financial Situation Assets: Checking account: $1,250 Emergency fund savings account: $3,100 Car: $4,000 Income: Gross monthly salary: $2,125 Net monthly salary: $1,560 Monthly Expenses: Rent obligation: $275 Utilities obligation: $125 Food: $120 Gas/Maintenance: $100 Credit card payment: $50 Liabilities: Student loan: $5,400 Credit card balance: $400