One of your mr. Mallesham needs your help to plan out his budgets His income is around 25,000 per month set up a budget for him for the given salary .include Rent, gas, food,utilities,medical expenditure,recreation,clothing,children expectation,etc.
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Answer:
In order to plan budget expenses, where earning is 25000 per month, the most vital thing to be kept in mind is the use of money for any bad thing cannot be done, only things can be bought or money could be spent on the items or services which are of utmost requirement.
Explanation:
When there are so many things, we need to plan by first dividing the money for giving the rent, then the household expenses then come the food expenses, and after that come food and dress.
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Total income- 25000
Rent-5000
Gas-500
Food-4000
Utilities-1000
Medical Expenditure-500
Recreation-1000
Clothing-2000
Children Expectations-2000
School Fees-5000
Miscellaneous-2000
TOTAL EXPENDITURES = 23000
Rest 2000 can be used as savings.
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