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Unformatted text preview: assignment is that you think about which categories each of your expenditures falls into. This will be of use later on. Expenditures Fixed Expenses Rent $350 Variable Utilities $50 Groceries ($40 *4) $160 Discretionary Clothes $100 Going Out $200 Miscellaneous $30 Total $890 Savings $110 Finally, you want to compare your income and your expenses. If you are making more than are spending (which is great!) You have left over amounts for savings. If not, you need to explain where the extra money is coming from. In some instances, you can live off of savings, loan money, or other sources of debt. Try your best to arrive at an estimate of how much of this you can allocate for every month. In this example. There is a left over amount for savings of $110....
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This note was uploaded on 04/27/2011 for the course EE 822 taught by Professor Lengkeek during the Spring '11 term at Temple.
- Spring '11