Question

Bike is not wanted. Sell it and deposit cash in checking. $1400

Start a savings account for a house $250 a month.

Sell the watch and deposit cash in checking.

Make extra payment of $200 a month on Camaro loan.

Add wifi to apartment. $90 a month.

Cut back $100 a month on fuel cost.

Use cash from sell of assets to cover deficit in budget until car loan is paid off.

I provided the Cash Flow Statement numbers to be accurate. (This is to make a Budget statement) The Budget Spread sheet is what i need done.

Text Font Auto save # : Personal Financial Statement FUR LUDUET CUIUI LUULU. File Home Insert Page Layout Formulas Data Review View Help Search Calibri 12 - AA E E Wiap Text + 40.00 Conditional Format as Paste BIV- .0.A. Merge & Center - $ -% 68 Formatting Table Clipboard Alignment Number Styles B18 - Grocery А B C D E F G H Cash Flow Statement Income (Cash Inflows) Monthly allowance $800.00 Part time job $1,000.00 Total Income 1800 Expenses (Cash Outflows) Fixed Expenses Apartment rent Auto insurance Car payment $350.00 $150.00 $400.00 Total fixed outflows 900 Variable Expenses Grocery Financial Statement items $300.00l Balance Sheet Cash Flow Statement Budget

Answer 1

Budget Statement based on information provided :

BUDGET
Expected Income
1	Monthly Allowance	$800
2	Part time job	$1,000
3	Cash from sale of bike	$1,400
4	Cash from sale of watch	Amount not given
			Total Income		$3,200
					The above income is excluding the cash from sale of watch
Planned Expenses
	Fixed Expenses
1	Savings	$250
2	Camero Loan	$200
3	Wifi	$90
4	Apartment Rent	$350
5	Auto Insurance	$150
6	Car Payment	$400
			Total Fixed Outflows		$1,440
	Variable Expenses
1	Grocery	$300
2	Gas($250-$100)	$150
3	Utilities water	$75
			Total Variable Outflows		$525
			Total Outflows		$1,965
			Income remaining		$1,235
Note : With cash income received from sale of watch, the remaining income will be higher than $1,235/-