Question

whs mathematics of personal finance t1 basic budgeting identifying components of a budget camilas budget item income part - time job parental allowance scholarship total income expenses rent utilities groceries transportation books & supplies dining out entertainment miscellaneous total expense savings planned ($) $800 $200 $300 $1300 $500 $100 $200 $50 $50 $1180 $120 actual ($) $780 $250 $300 $1330 $500 $120 $210 $60 $100 $75 $40 $1275 $55 camila has created a budget for her second year in college living off - campus. how many forms of income does camila have? how many expenses does camila have?

Explanation:

Step1: Count expense categories

Count the number of categories under expenses in the table. These are: Miscellaneous, Entertainment, Dining out, Books & supplies, Transportation, Groceries, Utilities, Rent. So there are 8 expense - related categories.

Step2: Count income categories

Count the number of categories under income in the table. These are: Scholarship, Parental allowance, Part - time job. So there are 3 income - related categories.

Answer:

How many expenses does Camila have? 8
How many forms of income does Camila have? 3