Question

personal budget
income and expenses september october
income
total income 600$ 660$
fixed expenses
rent 500$ 600$
bus pass 40$ 40$
books 150$ 200$
total fixed expenses
variable expenses
food 300$ 400$
clothing 200$ 300$
total variable expenses 1,190$ 1,540$
total
total savings

Explanation:

To solve for total fixed expenses and total savings, we follow these steps:

Step 1: Calculate Total Fixed Expenses for September and October

Fixed expenses include Rent, Bus pass, and books.

• For September:

Total fixed expenses = Rent + Bus pass + books
= \( 500 + 40 + 150 \)
= \( 690 \) dollars

• For October:

Total fixed expenses = Rent + Bus pass + books
= \( 600 + 40 + 200 \)
= \( 840 \) dollars

Step 2: Calculate Total Savings for September and October

Total savings = Total income - (Total fixed expenses + Total variable expenses)

• For September:

Total income = \( 600 \) dollars
Total fixed expenses = \( 690 \) dollars
Total variable expenses = \( 1190 \) dollars
Total savings = \( 600 - (690 + 1190) \)
= \( 600 - 1880 \)
= \( -1280 \) dollars (a deficit)

• For October:

Total income = \( 660 \) dollars
Total fixed expenses = \( 840 \) dollars
Total variable expenses = \( 1540 \) dollars
Total savings = \( 660 - (840 + 1540) \)
= \( 660 - 2380 \)
= \( -1720 \) dollars (a larger deficit)

Filling the Table:

Income and Expenses	September	October
Total savings	\( -1280\$ \)	\( -1720\$ \)

Final Table (with filled values):

Income and Expenses	September	October
Total fixed expenses	\( 690\$ \)	\( 840\$ \)
Total variable expenses	\( 1190\$ \)	\( 1540\$ \)
Total savings	\( -1280\$ \)	\( -1720\$ \)

(Note: The negative savings indicate that expenses exceed income in both months.)

Answer:

To solve for total fixed expenses and total savings, we follow these steps:

Step 1: Calculate Total Fixed Expenses for September and October

Fixed expenses include Rent, Bus pass, and books.

• For September:

Total fixed expenses = Rent + Bus pass + books
= \( 500 + 40 + 150 \)
= \( 690 \) dollars

• For October:

Total fixed expenses = Rent + Bus pass + books
= \( 600 + 40 + 200 \)
= \( 840 \) dollars

Step 2: Calculate Total Savings for September and October

Total savings = Total income - (Total fixed expenses + Total variable expenses)

• For September:

Total income = \( 600 \) dollars
Total fixed expenses = \( 690 \) dollars
Total variable expenses = \( 1190 \) dollars
Total savings = \( 600 - (690 + 1190) \)
= \( 600 - 1880 \)
= \( -1280 \) dollars (a deficit)

• For October:

Total income = \( 660 \) dollars
Total fixed expenses = \( 840 \) dollars
Total variable expenses = \( 1540 \) dollars
Total savings = \( 660 - (840 + 1540) \)
= \( 660 - 2380 \)
= \( -1720 \) dollars (a larger deficit)

Filling the Table:

Income and Expenses	September	October
Total savings	\( -1280\$ \)	\( -1720\$ \)

Final Table (with filled values):

Income and Expenses	September	October
Total fixed expenses	\( 690\$ \)	\( 840\$ \)
Total variable expenses	\( 1190\$ \)	\( 1540\$ \)
Total savings	\( -1280\$ \)	\( -1720\$ \)

(Note: The negative savings indicate that expenses exceed income in both months.)