Workplace 11 unit 2.3

Chapter 2: Budgets Workplace 11 Chapter 2: Budgets Workplace 11 23. Petra has created the following monthly budget. 24. Sammy earns about $1500.00 per month and has the following expenses. PETRA'S MONTHLY BUDGET Expenses Expenses Income Housing $400.00 $550.00 Regular $1400.00 Rent Food $225.00 Utilities, phone, cable, $175.00 Transportation $350.00 nternet $250.00 Food $325.00 Entertainment Transportation $75.00 Charitable donations $25.00 $50.00 Entertainment $50.00 Savings Other $200.00 Clothing $100.00 Miscellaneous $100.00 Charitable donations $25.00 a. He has found the following spending guidelines for people living in his area. Savings $100.00 $1500.00 Spending Guidelines Total income $1400.00 Total expenses Housing 25-35% Food 10-20% a. Petra's budget has a deficit. Suggest how she can adjust her spending to create a balanced budget. Explain your reasoning. (Intermediate) Transportation 10-15% Entertainme11t 5-10% Charitable 2-10% donations Savings 5-10% Other 5-10% How does his spending compare to the guidelines? In what categories does he need to adjust b. Construct a circle graph that shows Petra's new budget. (Advanced) his spending? (Intermediate)