Calaguas, Jake Raphael C.

BSA-3A

Mini Audit of a Household Budget

Household Budget Breakdown
Particulars Month Amount (in peso) Details
Income 40,000 salary
Expenses
Utilities Expense 10,000 Electricity,Water, and Internet

Groceries 10,000 Food and Supplies

Entertainment 2500 Netflix,

Unexpected Outing
Miscellaneous 2500 Unexpected expense
Education 2,000 Books, School Expenses
Transportation 1,500 Motor Gas
Motor Expense 7,000 Monthly Payment
Total Expenses (35,500)
Income 40000
Excess 4,500 savings

Household Budget Analysis

Based on the current household budget breakdown, The income of 40,000 pesos comfortably covers
my total expenses of 35,500 pesos, leaving me with a surplus of 4,500 pesos each month, which you
are allocating towards savings. My budget appears well-structured with clear allocations for essential
expenses like utilities, groceries, and transportation, as well as discretionary spending on
entertainment and miscellaneous items. The surplus indicates that you are living within your means
and are able to save a significant portion of your income each month, which is a positive financial
habit.

Reccomendation
Consider reviewing my entertainment and miscellaneous expenses periodically to see if there are
opportunities to optimize or reduce costs without significantly impacting your lifestyle. Continue
prioritizing savings and consider setting specific financial goals for your surplus funds, such as
building an emergency fund, investing, or saving for a specific purchase or goal. Overall, your budget
analysis shows responsible financial management and a healthy balance between income, expenses,
and savings.