Question

Task 3: Budget for 25- to 30-year-old Business Professionals

Talk to your mentor, family members, or relatives between the ages of 25-30 and who are

employed to see what their budgets look like. Develop a sample budget for someone aged 25

to 30 years old.

Answer 1

Iteam Sample budget

Rent/ housing bill $800

Utility Bills $400

Transportation $80

Groceries $150

Clothing expense $40

Entertainment $50

Study related costs $ 100

Savings $200

Pet Care $45

Medications $35

Insurance & tax $200

Answer 2

Sample Budget

Salary Income $2515

Rent expense -$900

Food and groceries -$250

Entertainment expense -$85

Shopping -$45

Birthday Party gift -$12

Transportation expense -$150

Home maintenance cost -$320

Tuition cost -$121

Net savings = $632

Step-by-step explanation:

The mid aged person who is age of 25 to 30 will have different expenses. He will have to budget his monthly income and routine expenses to identify the savings. The sample budget will include different types of household expenses that a person incurs to live. He might have to budget one off expenses such as party cost, gifts etc. He will have to keep track of groceries and food expenses.