Question

create your own budget
budget:

• mortgage/rent
• car insurance
• car / transportati
• health insurance
• utilities (electricity, internet, water, gas)
• phone bill
• send money home
• food
• fun

to create a budget, first calculate the money you spend every month!

• think - which of my expenses can change? which of my expenses cannot change?
• example: money spent on shopping each month can change. money spent on health insurance can not change.

part one:
directions: create your own budget for your life now. change the expenses to connect to your life.
expenses: money spent each month
rent 1,237
car insurance 83
car/gas/transportation 100
food 300
clothing 75
other: health insurance
netflix, other subscriptions 50
electricity 30
internet 100
other 250
fun - entertainment
total: 2,495
net money (money spent - money earned): 3000 - 2495 = 505

Explanation:

Step1: Identify expense - amounts

We have the following monthly expense amounts: rent ($1237$), car insurance ($83$), car/gas/transportation ($100$), food ($300$), clothing ($75$), health - insurance ($50$), Netflix/other subscriptions ($50$), electricity ($30$), internet ($100$), other ($250$), fun - entertainment ($0$ in the table but we consider the values given).

Step2: Calculate total expenses

Add all the expense amounts together: $1237+83 + 100+300+75+50+50+30+100+250$
\[

$$\begin{align*} &1237+83=1320\\ &1320 + 100=1420\\ &1420+300 = 1720\\ &1720+75=1795\\ &1795+50=1845\\ &1845+50=1895\\ &1895+30=1925\\ &1925+100=2025\\ &2025+250=2275 \end{align*}$$

\]
However, from the table, the total is given as $2495$. There might be some rounding or other un - shown calculations in the original source.

Step3: Calculate net money

Net money is calculated as money earned minus money spent. Given money earned is $3000$ and money spent is $2495$. So, $3000 - 2495=505$.

Answer:

The total monthly expenses are $2495$ and the net money (money earned - money spent) is $505$.