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Budget Plan
Budget Plan
My Budget
Income:
Expenses:
1. Housing:
Rent: $500
Utilities: $100 Total Housing Expenses: $600
2. Food:
Groceries: $200
Eating Out: $100 Total Food Expenses: $300
3. Transportation:
Bus/Train Fare: $50
Gas/Maintenance: $50 Total Transportation Expenses: $100
4. Miscellaneous:
Entertainment: $100
Personal Care: $50
Miscellaneous Expenses: $50 Total Miscellaneous Expenses: $200
Excess/Shortfall: -$400
In this budget plan, you have a monthly income of $800 from your allowance. Your total
monthly expenses are $1200, which includes housing expenses of $600, food expenses
of $300, transportation expenses of $100, and miscellaneous expenses of $200.
The budget shows that your expenses exceed your income by $400, so you may need to
make some adjustments, such as cutting back on entertainment or miscellaneous
expenses, or finding additional sources of income.
It's important to keep track of your expenses and regularly review your budget to make
sure you are sticking to it and making progress towards your financial goals.