Make the household budget for october

Assignment Help Managerial Accounting

Reference no: EM132662862

Personal Household Budget Money in Salarry 2 2,890.00

Birthday Mney - Martha 250

Sep-20

Salary 1 2150

Total

Money out Rent $1,750.00

Heat & Light 255

Car payments 875

Other Car related expenses - gas etc. 345

Food - Grocieies 480

Food - eating out 150

Entertainment 250.00

Presents - family members 120

Misc. 175.0

Total

Over or under for month

Problem 1: Prepare the household budget for October based on the following information: 5% increase in Salary 1 10% decrease in Salary 2 7.5% increase in all expenses (except rent and presents - see below) No birthday money in October and no family presents to buy

Problem 2: The family hopes to move to a larger house where the rent would be $2,250 per month - Should they do that? why or why not?

Reference no: EM132662862

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