Directions: Consider Gretchen's budget worksheet for June, and then answer the questions that follow. Gretchen's Short-Term Budget Worksheet Income Spending Date Source Date Purpose Amount Amount 6/07/- $423.52 603/20 $ 33.86 wages new sweater 6/09/- birthday gift 50.00 6/12/20 car insurance 48.29 6/21/- wages 423.52 6/15/20 rent 350.00 6/23/- babysitting job 25.00 6/23/20 credit card bill 296.04 6/30/- savings interest 8.92 6/25/20 telephone bill 53.41 6/26/20 groceries 69.30 6/29/20 doctor's visit 50.00 Totals $930.96 $900.90 1. How much was Gretchen able to save in June? 2. Which sources of her income may not be the same from month to month? 3. Which types of spending might not be the same from month to month? 4. Why would a series of short-term budget worksheets be needed to develop a long-term budget?
Directions: Consider Gretchen's budget worksheet for June, and then answer the questions that follow. Gretchen's Short-Term Budget Worksheet Income Spending Date Source Date Purpose Amount Amount 6/07/- $423.52 603/20 $ 33.86 wages new sweater 6/09/- birthday gift 50.00 6/12/20 car insurance 48.29 6/21/- wages 423.52 6/15/20 rent 350.00 6/23/- babysitting job 25.00 6/23/20 credit card bill 296.04 6/30/- savings interest 8.92 6/25/20 telephone bill 53.41 6/26/20 groceries 69.30 6/29/20 doctor's visit 50.00 Totals $930.96 $900.90 1. How much was Gretchen able to save in June? 2. Which sources of her income may not be the same from month to month? 3. Which types of spending might not be the same from month to month? 4. Why would a series of short-term budget worksheets be needed to develop a long-term budget?
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter5: Buying The Necessities
Section: Chapter Questions
Problem 24AA
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