Question
FAM/CEF/FFC 251 Name: Develop a Budget AA #3 Jillian is a 21-year-old college student. Recently, she found that she kept running out of money each
FAM/CEF/FFC 251 Name:\ Develop a Budget\ AA #3\ Jillian is a 21-year-old college student. Recently, she found that she kept running out of money\ each month. Her parents have been making up the difference as needed, but they just informed\ her that she needs to figure out how to live within her means. So, starting this month, Jillians\ parents are not going to help her out anymore.\ Based on Jillians financial situation below, 1). fill out a cash-flow statement for this month for\ her, and 2) create a balanced budget for next month to help Jillian live within her means and\ achieve her financial goals.\ So, heres what I found this month. My rent is $600, I paid $400 for new clothes, spent $300 on\ groceries, $140 on gas, $45 for car insurance premium. My monthly car loan payment is $150\ and cell phone bill is $50. Eating out cost me $180 and other entertainment was $90. Ive been\ doing pretty well at my waitressing job, and generally make about $1,300 (after tax). This month\ it was $1,350, and I expect the same one next month. During the pandemic, I also work as a food\ delivery driver. The base pay per delivery is $8. I made $600 with DoorDash this month and I\ expect the same one next month. I didnt include my tuition, because I have a full scholarship\ that pays for it. I also have two financial goals of saving for a trip to Greece and paying off my\ student loans immediately; neither of which I have started doing yet.\ Jillians Cash-Flow Statement and Budget Cash Flow Budget\ Items This Month ($) Next Month ($)\ INCOME\ TOTAL INCOME\ EXPENSES\ Fixed Expenses\ Financial Goal 1 Trip to Greece $90\ Financial Goal 2 Student loan repayment $210\ Total Fixed Expenses\ Variable Expenses\ Total Variable Expenses\ TOTAL EXPENSES\ SURPLUS (DEFICIT) 0
FAM/CEF/FFC 251 Name:\ Develop a Budget\ AA #3\ Jillian is a 21-year-old college student. Recently, she found that she kept running out of money\ each month. Her parents have been making up the difference as needed, but they just informed\ her that she needs to figure out how to live within her means. So, starting this month, Jillians\ parents are not going to help her out anymore.\ Based on Jillians financial situation below, 1). fill out a cash-flow statement for this month for\ her, and 2) create a balanced budget for next month to help Jillian live within her means and\ achieve her financial goals.\ So, heres what I found this month. My rent is $600, I paid $400 for new clothes, spent $300 on\ groceries, $140 on gas, $45 for car insurance premium. My monthly car loan payment is $150\ and cell phone bill is $50. Eating out cost me $180 and other entertainment was $90. Ive been\ doing pretty well at my waitressing job, and generally make about $1,300 (after tax). This month\ it was $1,350, and I expect the same one next month. During the pandemic, I also work as a food\ delivery driver. The base pay per delivery is $8. I made $600 with DoorDash this month and I\ expect the same one next month. I didnt include my tuition, because I have a full scholarship\ that pays for it. I also have two financial goals of saving for a trip to Greece and paying off my\ student loans immediately; neither of which I have started doing yet.\ Jillians Cash-Flow Statement and Budget Cash Flow Budget\ Items This Month ($) Next Month ($)\ INCOME\ TOTAL INCOME\ EXPENSES\ Fixed Expenses\ Financial Goal 1 Trip to Greece $90\ Financial Goal 2 Student loan repayment $210\ Total Fixed Expenses\ Variable Expenses\ Total Variable Expenses\ TOTAL EXPENSES\ SURPLUS (DEFICIT) 0
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