Question

Net Worth and Budgeting Help Save&Exit Su Check my wos lamie Lee Jackson, age 24, now a busy full-time college student and priorites, including her budget. She has been wondering if she is allocating enough of her income towards sav accumulating enough money towards the $11,500 down part time bakery clerk, has been trying to organize all ot her savings, which includes payment she needs to begin her dream of opening a cupcake café. Jamie Lee has been down and get a clearer picture of how much she is debt compares to her savings and assets. Jamie Lee's telephone is making regular deposits to both her regulat, as well as her emergency savings account She would really like to sit spending on various expenses, including rent, utilities, entertainment and how her that she must stay on track and keep a detailed budget if she is to realize her dream of being self-employed after college nformation below to record Jamie Lee's inflows and outflows of cash for a one-month period. Each answer must have a value realizes that she must stay on track for the assignment to be complete Enter "O for any unused categories Current Financial Situetion Monthly Expenses: Checking accoum Emergency fund saving $2.250 Rent obligation 265 5300 imesielecncity S115 S75 $160 $155 $135 85 ses s85 Car Compute&Pad 6.000 Uibes/wate 1500 Usimes cable TV Student loon Credin card baance 7400 Gsu/mience 1400 Creait cand paymen Car inurance Gross monthily salery Net monthly salary 2.555 Clothing 2120 Entertainment Savings ailocetionc Cake decoraing c $170 vies ath teres $90

Answer 1

Cash Inflows
Salary (Take home)	2,120
Other Income	-
Other Income	-
Total		2,120
Cash Outflows
Fixed Expenses
Mortage or Rent	265
Loan/ Credit Card Payment	85
Insurance	85
Other	-
Total Fixed Outflows		435
Variable Expenses
Food	155
Clothing	85
Electricity	115
Telephone	-
Water	75
Tranportation	135
Personal Care	-
Medical Exp	-
Recreation/entertainment	145
Gifts	-
Donations	-
Cable	160
Other	-
Total Variable Outflows		870
Total Outflows		1,305
Surplus (deficit)
		815
Allocation of Surplus
Emergency fund savings	30
Financial goal Savings	170
Other Savings	615