Annual Expenses
Housing (Rent)                              $6,600
Transportation                              $5,100
Food...
Carla J. McCoy
                          Unit 1 Individual Project Expense Report




MONTHLY INCOME & EXPENSE PLAN
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2003 Expense Report Unit 1 Ip Worksheet

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Monthly Income & Expense Plan

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2003 Expense Report Unit 1 Ip Worksheet

  1. 1. Annual Expenses Housing (Rent) $6,600 Transportation $5,100 Food (Includes Dinning Out) $8,100 Utilities $3,000 Payroll Taxes: Donna $12,000 Sherman $1,500 All Others $1,800 Clothing $1,500 Others $3,900 Total Annual Expenses $43,500 Monthly Expenses $3,625 Donna's Annual Income $39,996 Donna's Monthly Income $3,333 Sherman's Monthly Income $3,000 Sherman's Income from Scholarship: February $2,400 October $1,200 MONTHLY INCOME & EXPENSE PLAN January February March April Income: Donna $3,333 $3,333 $3,333 $3,333 Sherman $0 $2,400 $0 $0 Total Income $3,333 $5,733 $3,333 $3,333 Expenses: Recurring $3,625 $3,625 $3,625 $3,625 Insurance: Life Auto $1,500 Vacation Total Expenses $5,125 $3,625 $3,625 $3,625 Excess (Deficit) of Income Over Expenses -$1,792 $2,108 -$292 -$292 Add: Liquid Assets $1,000 Beginning Balance -$792 -$1,392 $116 -$776 Less: Required Balance -$600 -$600 -$600 -$600 Total Excess (Deficit) -$1,392 $116 -$776 -$1,668
  2. 2. Carla J. McCoy Unit 1 Individual Project Expense Report MONTHLY INCOME & EXPENSE PLAN May June July August September October November December $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $3,333 $0 $3,000 $3,000 $3,000 $0 $1,200 $0 $0 $3,333 $6,333 $6,333 $6,333 $3,333 $4,533 $3,333 $3,333 $3,625 $3,625 $3,625 $3,625 $3,625 $3,625 $3,625 $3,625 $720 $1,200 $5,545 $3,625 $3,625 $3,625 $3,625 $3,625 $3,625 $3,625 -$2,212 $2,708 $2,708 $2,708 -$292 $908 -$292 -$292 -$1,668 -$4,480 -$2,372 -$264 $1,844 $952 $1,260 $368 -$600 -$600 -$600 -$600 -$600 -$600 -$600 -$600 -$4,480 -$2,372 -$264 $1,844 $952 $1,260 $368 -$524

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