Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question: Did the actual spending stay within the projected budget? If not, where did the overspending occur? Be sure to consider those planned expenses vs

Question:

  1. Did the actual spending stay within the projected budget? If not, where did the overspending occur? Be sure to consider those planned expenses vs impulse expenses.
  2. Was the proposed budget appropriate or underdeveloped? If so, what was budgeted well, or what budget planning needs to be improved?
  3. Describe strategies that can be used in the future to have and maintain a budget.
  4. How do you anticipate future variables (housing, student loans, jobs, family, healthcare costs, etc.) to impact your budget and spending? This should be answered by future career aspirations (what type of job), geographic location (where you will live), and current and future family expectations.
  5. Describe two of the most impactful takeaways from this assignment.Be sure to consider how this overall assignment might impact your Christian worldview.

source:

Totals Totals
Planned Expense $117.01
Impulse Expense $302.44
$419.45
Necessities $189.40
Discretionary $107.87
Outright Luxury $73.98
Waste $61.14
$432.39
Date P/I Type Expense Description Amount
22-Apr I Outright Luxury Clutch City Wings $17.24
22-Apr I Outright Luxury Market Birria $7.40
22-Apr P Necessities Shell Gas $16.02
22-Apr P Necessities Apple Pay bill $2.99
22-Apr I Waste Spec's $44.35
23-Apr P Necessities Lyft $13.67
23-Apr I Outright Luxury Arciela Taco Truck $22.98
23-Apr P Necessities E-renters Plan $29.33
23-Apr I Discretionary Randall's $17.47
23-Apr P Necessities Cash App $40.00
24-Apr P Necessities Cash App $15.00
24-Apr I Outright Luxury Waffle House $27.00
25-Apr I Outright Luxury Circle-K $4.72
26-Apr I Outright Luxury Shake Shack $18.76
26-Apr I Outright Luxury C.R.U. $39.78
27-Apr I Discretionary Shlotzky's Deli $4.86
27-Apr I Discretionary Buffalo Wild Wings $33.36
28-Apr I Waste Van Leeuwen Ice Cream $9.88
28-Apr I Discretionary Honey Farms $30.73
28-Apr I Outright Luxury Torchy's Tacos $23.91

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cases in Financial Reporting

Authors: Michael J. Sandretto

1st edition

538476796, 978-0538476799

More Books

Students also viewed these Finance questions