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use the following scenario to answer the chart in the picture. Jesus often works 12-hour days to support his family of four. Including overtime, he

use the following scenario to answer the chart in the picture.
Jesus often works 12-hour days to support his family of four. Including overtime, he makes about $800 a week. A third of his salary goes toward renting a two-bedroom apartment, and he and his wife spend another $300 a month on health insurance and medical bills. They own both of their cars outright and only pay $60 per month for auto insurance. The family relies on cell phones for communicating with one another and they share a family plan, which runs them $150 per month. They have a bit of credit card debt and pay the minimum payment of $60 per month. They also pay about $150 per month for their gas, water, and electricity bills. They rarely eat out and spend about $125 per week on groceries. As their kids get older, Jesus and Maria would like to move to a larger apartment, and they also want to save money for college. Jesus also thinks he will need a new work truck, which will cost anywhere from $200 to $400 a month depending on the kind of truck he buys.
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Budget Amount Comments Sources of Income Salary and wages Investment and interest income Other: Income subtotal: Fixed Expenses Mortgage or rent Car payments Car payments Auto insurance Medical insurance (dental and vision) Loans (including credit card repayment) Fixed expenses subtotal: Savings Emergency fund Savings Savings subtotal: Variable Expenses Utilities (water, gas, electricity) Telephone (cell and land) Transportation costs (gas, maintenance, tolls, bus, etc.) Groceries Variable expenses subtotal: Discretionary Expenses Entertainment (movies, electronics, video games, sporting events) Dining out Education and classes Clothing Discretionary expenses subtotal: Total expenses: (add all subtotals) Your balance: (subtract all expenses from income)

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