What is the simplest change that can be made to the budget
to produce more savings next month?
Look at this monthly budget.
Monthly Budget
Budgeted | Actual
Net income
$400.00 $375.00
Total income
$400.00 $375.00
Rent
$200.00 -$200.00
Bus pass
-$20.00 -$20.00
Total fixed
-$220.00 -$220.00
Food
$75.00 $125.00
Discretionary -$30.00 -$50.00
Total variable -$105.00 $175.00
Savings
$75.00 -$20.00
Add to fixed expenses.
Decrease food expenses.
Reduce rent payments.
Increase total income.