Number 2

Budgets and Cash Flow Practice Lesson? For each of the following scenarios: (1) write up the household's budget with the pro-rated monthly amounts for all incomes and expenses, (2) Compute the cash flow. Lisa earns $1600 per month from her job. She also receives a scholarship of $1500 twice a year. She had monthly expenses of $500 for rent, $120 for utilities, $30 for her gym membership, and $110 for insurance. Her weekly expenses are $65 for groceries and $35 for gas. She has college expenses of $3000 twice a year. She takes her cat to a veterinarian once a year for $75. 1. Alex earns $200 a week working part time. He receives scholarships totaling $2000 twice year and gets $1000 from his college fund yearly. Alex's monthly expenses are $50 for his ceill phone, $75 on the loan for his laptop computer, and $30 for a bus pass. Twice a year, he pays $2000 for tuition, $350 for books, and $3000 for room and board at college. Each week, Alex pays $30 for an hour with his math tutor and spends $25 on entertainment. 2