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  • Monthly College Budget: January Income: January Expenses: January Cash Flow

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    Jahnnis created a monthly budget for their college expenses in January. Their January income was $1,087 which came from financial aid, wages, family help, and withdrawals from savings. However, their January expenses totaled $8,373, which exceeded their income. As a result, their January cash flow was negative $7,286. The largest expenses were $5,278 for tuition and fees and $850 for room and board. If the negative cash flow continues each month, by December Jahnnis will have a cumulative cash flow shortage of over $33,000 for the year.

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    Jahnnis created a monthly budget for their college expenses in January. Their January income was $1,087 which came from financial aid, wages, family help, and withdrawals from savings. However, their January expenses totaled $8,373, which exceeded their income. As a result, their January cash flow was negative $7,286. The largest expenses were $5,278 for tuition and fees and $850 for room and board. If the negative cash flow continues each month, by December Jahnnis will have a cumulative cash flow shortage of over $33,000 for the year.

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    14 views1 page

    Monthly College Budget: January Income: January Expenses: January Cash Flow

    Uploaded by

    api-302557971
    Jahnnis created a monthly budget for their college expenses in January. Their January income was $1,087 which came from financial aid, wages, family help, and withdrawals from savings. However, their January expenses totaled $8,373, which exceeded their income. As a result, their January cash flow was negative $7,286. The largest expenses were $5,278 for tuition and fees and $850 for room and board. If the negative cash flow continues each month, by December Jahnnis will have a cumulative cash flow shortage of over $33,000 for the year.

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    of 1

    MGMT100-Section Number

    Workshop 8: Monthly College Budget

    Jahnnis Pitty Del Cid

    Monthly
    College Budget
    january income:

    january expenses:

    $1,087

    $8,373

    financial aid

    room & board

    january cash flow:

    -$7,286

    tuition & fees

    wages (after-tax)

    books & supplies

    family help

    transportation

    from savings

    discretionary

    other

    other expenses

    january cash flow:

    CASH FLOW
    jan

    feb

    mar

    apr

    may

    jun

    jul

    aug

    sep

    oct

    nov

    dec

    year

    JAN Select First Budget Month


    JAN

    Monthly Cash After Expense

    JAN

    ###

    ###

    ###

    ###

    ###

    ###

    ###

    ###

    ###

    ###

    Cash Flow

    (7,286)

    (1,958)

    (1,888)

    (1,898)

    (1,998)

    (1,898)

    (1,778)

    (1,863)

    (6,936)

    (1,818)

    (1,868)

    Cumulative Cash Flow

    (7,286)

    (9,245) (11,133) (13,032) (15,030) (16,929) (18,707) (20,571) (27,507) (29,326) (31,194) (33,193)

    MONTHLY INCOME

    JAN

    ###

    ###

    ###

    ###

    ###

    ###

    ###

    ###

    ###

    ###

    ### YEAR

    % INC

    (1,998) (33,193) (670.6%)

    ### YEAR

    % INC

    Financial aid (grants, scholarships, loans) paid to you

    500

    500

    1,000

    46.0%

    After-tax wages from a job

    317

    317

    317

    317

    317

    317

    317

    317

    317

    317

    317

    317

    3,798

    29.1%

    Financial help from family

    200

    200

    200

    200

    200

    200

    200

    200

    200

    200

    200

    200

    2,400

    18.4%

    Withdrawals from savings

    50

    70

    20

    100

    40

    60

    120

    90

    80

    200

    40

    30

    900

    4.6%

    Other (child support, public assistance, gifts, etc.)

    20

    50

    20

    20

    115

    1.8%

    1,087

    587

    587

    617

    557

    577

    657

    612

    1,117

    717

    557

    547

    8,213

    100.0%

    JAN

    ###

    ###

    ###

    ###

    ###

    ###

    ###

    ###

    ###

    ###

    850

    850

    850

    850

    850

    850

    850

    850

    850

    850

    850

    850

    10,200

    10.2%

    Rent, mortgage, or dorm room

    100

    100

    100

    100

    100

    100

    100

    100

    100

    100

    100

    100

    1,200

    1.2%

    Food (groceries or meal plan)

    400

    400

    400

    400

    400

    400

    400

    400

    400

    400

    400

    400

    4,800

    4.8%

    Utilities (heat, water, electricity)

    350

    350

    350

    350

    350

    350

    350

    350

    350

    350

    350

    350

    4,200

    4.2%

    TOTAL INCOME

    MONTHLY EXPENSE
    Room & Board

    Tuition & Fees

    ### YEAR

    % INC

    5,278

    5,278

    10,556

    63.0%

    5,178

    5,178

    10,356

    61.8%

    Fees you pay

    100

    100

    200

    1.2%

    Books & Supplies

    330

    330

    660

    3.9%

    300

    300

    600

    3.6%

    30

    30

    60

    0.4%

    Tuition you pay

    Textbooks
    School supplies

    Transportation

    780

    780

    780

    780

    780

    780

    780

    780

    780

    780

    780

    780

    9,360

    9.3%

    Gas, maintenance

    180

    180

    180

    180

    180

    180

    180

    180

    180

    180

    180

    180

    2,160

    2.1%

    Vehicle payment

    500

    500

    500

    500

    500

    500

    500

    500

    500

    500

    500

    500

    6,000

    6.0%

    Transit fares

    100

    100

    100

    100

    100

    100

    100

    100

    100

    100

    100

    100

    1,200

    1.2%

    0.0%

    Travel at holidays

    Discretionary

    535

    265

    245

    285

    255

    245

    205

    225

    215

    205

    195

    235

    3,110

    6.4%

    Savings

    150

    80

    60

    100

    70

    60

    20

    40

    30

    20

    10

    50

    690

    1.8%

    Cell phone, Internet, cable

    135

    135

    135

    135

    135

    135

    135

    135

    135

    135

    135

    135

    1,620

    1.6%

    60

    0.1%

    25

    25

    25

    25

    25

    25

    25

    25

    25

    25

    25

    25

    300

    0.3%

    200

    200

    2.4%

    20

    20

    20

    20

    20

    20

    20

    20

    20

    20

    20

    20

    240

    0.2%

    Donations
    Snacks, dining out
    Clothes
    Entertainment (movies, dates, concerts)

    Other Expenses

    600

    650

    600

    600

    670

    600

    600

    620

    600

    700

    600

    680

    7,520

    7.2%

    Insurance (car, health, renter's)

    500

    500

    500

    500

    500

    500

    500

    500

    500

    500

    500

    500

    6,000

    6.0%

    Loan, credit card payment

    100

    100

    100

    100

    100

    100

    100

    100

    100

    200

    100

    100

    1,300

    1.2%

    50

    70

    20

    80

    220

    0.0%

    8,373

    2,545

    2,475

    2,515

    2,555

    2,475

    2,435

    2,475

    8,053

    2,535

    2,425

    2,545 41,406

    100.0%

    Other

    TOTAL EXPENSES

    For Professor: Jahnnis Pitty Del Cid

    Page 1 of 1

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