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1 create a budget that will allow you to save at

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1.Create a budget that will allow you to save at least $100 by the end of October.(10 points)
·A final net total of at least $300 saved per monthMonthly Personal BudgetIncome and ExpensesOld BudgetNew BudgetOne-Year TotalIncomeNet income$1850.00$2190.00$Total income$1850$2190$FixedexpensesRent$600$$Car$475$$Renters Insurance$20$$Total fixed expenses$1095$$VariableexpensesUtilities$230$$Entertainment$50$$Groceries$300$$DiscretionarySpending$75$$New computer$50$$Totalvariableexpenses$ 705$$TotalsTotal expenses$1800$$Net savings$50$$1.Which budgetary category changed themostbetween your old budget and your newbudget? Why? (5 points)
2.How does your new budget help you to meet your short-term goal of buying a newlaptop? (5 points)3.How does your new budget help you to meet your long-term goal of saving for college?(5 points)
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