Your weekly net income is $380. Your total budgeted monthly expenses $1550.00. Do you have a surplus or a deficit balance at the end of the month?
To determine if you have a surplus or deficit balance at the end of the month, you need to subtract your total budgeted monthly expenses from your total monthly net income.
Total monthly net income = $380/week * 4 weeks = $1520/month
Total budgeted monthly expenses = $1550.00
$1520 - $1550.00 = -$30.00
Since the result is negative, this means you have a deficit balance at the end of the month. You are $30 short on your monthly expenses based on your weekly net income.