Budget Scenario \#2
PAYCHECK $ =\$ 3000 $
Food/groceries
\[
\$ 200
\]
Wants (movies, eating out)
$ \$ 100 $
Savings
$ \$ 300 $
Rent/mortgage
$ \$ 900 $
Utilities
$ \$ 100 $
Travel
$ \$ 100 $
Debt
$ \$ 50 $
Other
$ \$ 100 $
Budget 3: Were you able to follow the $ 50 / 30 / 20 $ rule with this budget? *
Record your response to this question below.

Answer

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Answer

\text{Savings} = \text{Savings} + \text{Debt} + \text{Other} = 300 + 50 + 100 = \$450

Steps

Step 1 ：\text{Necessities} = \text{Food/groceries} + \text{Rent/mortgage} + \text{Utilities} = 200 + 900 + 100 = \$1200

Step 2 ：\text{Wants} = \text{Wants (movies, eating out)} + \text{Travel} = 100 + 100 = \$200

Step 3 ：\text{Savings} = \text{Savings} + \text{Debt} + \text{Other} = 300 + 50 + 100 = \$450