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Question
personal budget business budget personal budget what is the primary source of income in a personal budget? office supplies salary product sales service income category description budgeted amount ($) actual amount ($) difference ($) income salary 3,000 3,100 100 income freelance 500 490 10 housing rent 1,000 1,000 0 utilities electricity 60 55 5 utilities water 40 45 -5 utilities gas 30 28 2 utilities internet 50 50 0 food groceries 300 280 -20 food dining out 100 110 -10 entertainment movies 50 55 -5 entertainment sports 50 65 -15 savings savings account 500 500 0 savings emergency fund 100 100 0 transportation fuel 150 160 -10 transportation parking 30 45 -15 transportation insurance 100 100 0 transportation repairs 75 90 -15 transportation transitbus 60 55 5
In a personal budget, salary is typically the main income source for most individuals. Office supplies are an expense, product sales and service income are more common in business - related budgets.
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