Question

Creating and following a budget helps individuals manage their money and prevents overspending. Please put the following information in the blanks below. In blank 1, create a budget for Jessie Robinson, whose information is below. In blank 2, indicate whether Jessie is living within her means or overspending In blank 3, justify why Jessie is living within her means or overspending.

Answer 1

400 rent, 100 food bills, 55 gas, 50 car insurance, and 50 cell phone bill.
Jessie is not because their expenses are more than their monthly income.
Jessie's expenses are more than their monthly income therefore overspending money especially on the phone bill.