In order to get your personal finances under control, you need to prepare a personal budget. Assume
Question:
In order to get your personal finances under control, you need to prepare a personal budget. Assume that you have compiled the following information regarding your expected cash flows for a typical month.
Instructions
Using the information above, prepare a personal budget. In preparing this budget, use the format included in the “Steps to Creating a Household Budget” article available at the balance website. Just skip any unused line items.
Transcribed Image Text:
Rent payment Interest income Income tax withheld Electricity bill Groceries € 500 Miscellaneous costs €210 50 Savings Eating out Telephone and Internet costs Student loan payments Entertainment costs Transportation costs 50 150 125 375 300 85 100 Wages earned 2,500 250 Insurance 100 150
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Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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