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Neela recently finished college and started her first full-time job as a medical assistant. She is making a budget so she can save money

 

Neela recently finished college and started her first full-time job as a medical assistant. She is making a budget so she can save money and see where her money is going. Complete the Monthly and Yearly entries for the Expenses part of Neela's budget. Then answer the questions that follow. Use this information to help you: Neela shares an apartment with a roommate. The two women split the rent equally. The apartment rents for $650.00 a month. Each month, Neela spends about $60.00 on lunches, $80.00 on entertainment, and $80.00 for miscellaneous expenses. Neela spends about $600.00 a year on clothes and shoes. Neela buys a monthly subway pass for $44.00 and spends about $30.00 a month on cab fare. Expenses Rent (shared; utilities included) Groceries Student Loan Clothing and Shoes Spending Money (misc.) Renter's Insurance Transportation Cell Phone Cable/Internet/Landline Phone (shared) Gifts Lunches Entertainment Total Expenses Monthly $120.00 $80.00 $40.00 $70.00 $20.00 Yearly $120.00

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