Eric Hines projected having a monthly deficit of $73,260 but actually had a deficit of $91,752, a difference of $16,692. His actual income was higher than projected but his expenses were much higher than expected across many categories such as housing, transportation, entertainment, and legal costs. While some expenses like food and pets were lower than anticipated, overall Eric spent significantly more than budgeted.
Eric Hines projected having a monthly deficit of $73,260 but actually had a deficit of $91,752, a difference of $16,692. His actual income was higher than projected but his expenses were much higher than expected across many categories such as housing, transportation, entertainment, and legal costs. While some expenses like food and pets were lower than anticipated, overall Eric spent significantly more than budgeted.
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Eric Hines projected having a monthly deficit of $73,260 but actually had a deficit of $91,752, a difference of $16,692. His actual income was higher than projected but his expenses were much higher than expected across many categories such as housing, transportation, entertainment, and legal costs. While some expenses like food and pets were lower than anticipated, overall Eric spent significantly more than budgeted.
Copyright:
Attribution Non-Commercial (BY-NC)
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Download as XLS, PDF, TXT or read online from Scribd
($73,260) PROJECTED MONTHLY INCOME Extra income $0 (Projected income minus expenses) Total monthly income $0 ACTUAL BALANCE ($11,752) (Actual income minus expenses) Income 1 $75,000 DIFFERENCE ACTUAL MONTHLY INCOME Extra income $5,000 $61,508 (Actual minus projected) Total monthly income $80,000
HOUSING Projected Cost Actual Cost Difference ENTERTAINMENT Projected Cost Actual Cost Difference
Mortgage or rent $1,000 $2,750 ($1,750) Video/DVD $50 $20 $30
Phone $50 $120 ($70) CDs $20 $10 $10 Electricity $200 $2,000 ($1,800) Movies $30 $39 ($9) Gas $100 $1,000 $900 Concerts $500 $200 $300 Water and sewer $150 $200 ($50) Sporting events $900 $400 $500 Cable $30 $55 ($25) Live theater $0 $0 $0 Waste removal $90 $100 ($10) Other $20 $20 $0 Maintenance or repairs $200 $150 $50 Other $30 $30 $0 Supplies $80 $90 ($10) Other $0 $0 $0 Other $50 $20 $30 Subtotals $1,550 $719 $831 Subtotals $1,950 $6,485 ($2,735) LOANS Projected Cost Actual Cost Difference
TRANSPORTATION Projected Cost Actual Cost Difference Personal $50 $50 $0
INSURANCE Projected Cost Actual Cost Difference State $2,000 $2,500 ($500) Home $900 $1,000 ($100) Local $1,000 $900 $100 Health $200 $380 ($180) Other $500 $450 $50 Life $600 $800 ($200) Subtotals $8,500 $7,850 $650 Other $0 $0 $0 Subtotals $1,700 $2,180 ($480) SAVINGS OR INVESTMENTS Projected Cost Actual Cost Difference
Retirement account $15,000 $15,000 $0
FOOD Projected Cost Actual Cost Difference Investment account $20,000 $20,000 $0 Groceries $100 $110 ($10) Other $8,000 $9,000 ($1,000) Dining out $200 $69 $131 Subtotals $43,000 $44,000 ($1,000) Other $0 $0 $0 Subtotals $300 $179 $121 GIFTS AND DONATIONS Projected Cost Actual Cost Difference
Subtotals $590 $209 $381 Alimony $0 Payments on lien or judgment $500 $600 ($100) PERSONAL CARE Projected Cost Actual Cost Difference Other $0 $0 $0 Medical $100 $250 ($150) Subtotals $2,000 $2,600 ($600) Hair/nails $0 $0 $0 Clothing $500 $600 ($100) TOTAL PROJECTED COST $73,260 Dry cleaning $50 $40 $10 Health club $90 $120 ($30) TOTAL ACTUAL COST $91,752 Organization dues or fees $60 $40 $20 Other $0 $0 $0 TOTAL DIFFERENCE ($16,692) Subtotals $800 $1,050 ($250)