Making a Personal Budget · Example 1
Heather has graduated college and currently works as a nurse for a rural medical group. Her net monthly income from that job is $3,765.40. She also works part-time on the weekends, earning another $672.00 per month. Her monthly expenses are rent at $1,050, car payments at $489, student loan payments at $728, car insurance at $139, utilities at $130, clothing at $150, entertainment (going out with friends, Netflix, Amazon Prime, movies) at $300, credit card debt at $200, food at $360, and gasoline at $275. Create her budget in a table, compare the total income to total expenses, and determine how much excess income per month she has or how much she falls short by each month.
OpenStax, Contemporary Mathematics · §6.5 Making a Personal Budget · Example 1
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