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December 19, 2014

Homework Help: Personal Finance Management

Posted by Lashan on Thursday, November 17, 2011 at 7:31pm.

Jenny has a part time job and her net take-home income is $2000 per month. She needs to allocate her funds to reflect a balanced monthly budget. Jenny's main categories of expenses include rent, utilities, and groceries.

How would Jenny best utilize her income for the month?
What categories and in what amounts should Jenny allocate her funds to reflect a balanced monthly budget? Include the main categories as well as examples of other categories.
Considering your own monthly budget, what specific behaviors or actions can you take to be more financially responsible and healthy? You need not provide any personal information.

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