Question

Consider the income and expenditure of your family and make an account sheet for it.

Answer 1

PERSONAL BUDGET WORKSHEET
Income		Month Budget	Actual
	Salary	1,00,000	65,675
Total Income		1,00,000	65,675
Balance			34,325
Expenses:
Living/Housing
	Rent/Mortgage	16,000	16,000
	Electric	500	400
	Water/Sewer	0	0
	Gas/Heating	1,000	750
	Telephone	500	371
	Cable Tv	800	800
	Household/Repairs	500	121
	Other	2,000	1,300
Regular Payments
	Student Loan	0	0
	Credit cards	10,000	8,000
	Other Loan Payments	7,000	7,000
	Health Insurance	3,000	3,000
	Car/Home Insurance	1,000	1,000
	Life Insurance	28,000	28,000
	Child Care	0	0
	Other	500	500
Food Expenses:
	Groceries	5,000	4,700
	Restaurants Meals	3,000	2,150
	Other	500	500
Personal Expenses:
	Personal Care	1,000	700
	Hair/Nail Care	1,000	555
	Clothing/Shoes	2,000	1,700
	Doctors, Dentists, etc.	1,000	500
	Pescriptions	700	900
	Laundry/Dry Clean	500	700
	Recreation/Travel	1,500	2,500
	Other	500	650
Transportation Expenses:
	Gas/Auto Expenses	2,000	2,150
	Bus, Taxi, Train, etc	500	523
	Parking	100	105
	Other	200	200
Miscellaneous Expenses:
	Temple	100	0
	Gifts/Charity	500	800
	Savings	5,000	4,000
	Other	500	500
Total Expenses		71,200	65,675