Household Budget Project

In 1996 the city of Cleveland began a $750 million Plant Enhancement Program. The program’s goal was to renovate and modernize the city’s four water treatment facilities, which are among the 10 largest in the US, and were built in 1856; over 500 million gallons of water are pumped to Cleveland residents daily. In the following paper I attempt to provide with an overview of the Baldwin

The stereotypes that surround the poor and the homeless construct a false sense of self- deprivation onto the individuals who struggle financially within the United States of America. While constructing a budget that was within the financial limitation of the exercise, I grasped a better understanding of the true cost of financial liberties that most people who do not fall into the poverty category take for granted. The most difficult area was finding a living space that could house the theoretical family. Ultimately, I selected a rental property with two bedrooms because it was simply not a financial possibility to find a three-bedroom property within the budget. Even with the cheapest apartment I could possibly find, the cost of the rent was over half of the monthly income, and

Lump Sum Average of $1,360.00, divided by 2 (2 families of 2 adults and one child each), equals $680.00. (This is where the $620.00/mo came from and we deducted $60.00/mo due to Melanie’s assistance with the children.)

The amount stated above is relatively the same income that my father earned during my high school years. When I graduated high school in 2009 my family was going under a great financial stress due to the recession and its effects on jobs like construction. Over the years, construction has started to upsurge, due to the heavy deterioration construction takes on the human body and my fathers age he has to reduce his job intake in order to prevent irreversible damage in the future.

From my weekly income I was able to save $1408.33 which will be very useful in my old age and for my children. The percentage from my take home money that is saved is around FIND OUT PERECENT percent. My savings should go up when my HEX debt and mortgage is paid off.

I have read many articles that say the amount you save for retirement depends on X, Y and Z. They all say that one size doesn’t fit all, but we are not saying that. In this article, you will see solid numbers and you will see usable percentages that you can apply right now to your 401K savings plans.

Breakfast =$3, Gas+ $24, Lunch= $8, Pharmacy expenses = $12, Dinner +$10. Total = $67

$2,280 a year. One last thing, it said the average American spends 15% off their income on

The results of my Personal Monthly Budget demonstrated that my income does exceed my monthly expenses. Monthly, it is between 100 and 400 dollars because I am a student and I work part time at my minimum wage job. I am mainly supported by my parents who put me on a strict budget and require me to stick to it. It is not enough to live by because costs of living, food, and utilities are more than $400. If there is anything I want to purchase for leisure, I must pay for it myself and that causes my savings to decrease.

Based on the master budget, there have something wrong and unclear. All the numbers are the same, evenly quarter two have more sale than other quarter, at least less 30% than quarter two. We can easy to recognize with a few changes and we can achieve a goal $1.000.000

Personal Budget Exercise – Excel Creating a spreadsheet track personal business expenses is an excellent use of Microsoft Excel. For this exercise, you will create a spreadsheet to enter a personal budget and track actual expenses for the year. You may choose to use real data or create a fictitious budget using a monthly income amount of $2,500. Here are suggested budget categories if you are not using a real budget. At a minimum, you must have 9 budget categories: Housing (mortgage or rent) Utilities Car payment Insurance Student Loans Food Misc. Entertainment Gas Savings

Budgeting is the systematic method of allocating financial, physical, and human resources to achieve an organization’s strategic goals. Budgets are utilized by for-profit and non-profit organizations to monitor the progress towards the goals, assist in the control of spending, and help predict cash flow for the organization.

3. Begin with 3% of your pay going into retirement savings. Each raise/promotion you get increase it by 1% until you have reached your employer’s maximum match rate. Then add the 1% into an IRA until you have reached the percentage that results in your desired retirement account.

Budget is the major financial and economic statement. The role of the budget is to keep track of the money coming in and the money going out. It is essential part of running any business effectively. It can help make a short and long term projections about financial situation, avert a financial crisis and plan for major financial changes.

A budget refers to a financial plan that represents the allocation of the income to various expenditure channels such as expenses, savings, and debt repayment. A personal budget is important because avoiding financial surprises and keeping financial stress down helps avoid a crisis and allows you to focus on your overall goals. You cannot avoid all risks in life but if you plan your finances to live within your means, you can avoid being kicked out of your home, losing your car and other terrible things that a solid budget would help you avoid. Knowing what you can afford is a central life skill. Unfortunately, many do not budget even though they know they should (Wagoner, 2012).