Create a budget that will allow you to save at least

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Create a budget that will allow you to save at least $100 by the end of October. (10 points)Make sure your budget includes these fixed expenses:The cost of rent ($250 each month for your shared apartment)The cost of your bus pass ($40 each month)The cost of books ($150, but only in September, at the beginning of the schoolyear)
Make sure your budget considers these variable expense categories:The cost of foodThe cost of clothingDiscretionary spending (money to spend freely)Personal BudgetIncome and ExpensesSeptemberOctoberIncomeNet Income600600Total incomeFixedexpensesRent250250Bus4040Books1500Total fixed expenses440290VariableexpensesFood4575Clothes4070Discrestionary40100Total variable expenses125245TotalTotal savings3565If changes happen during September or October, which expenses will you be able tochangemosteasily? Give an example of how you could make a change. (5 points)
In which month did you save more money? (5 points)

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Term
Fall
Professor
NoProfessor
Tags
Income Statement, Stock and flow

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