Q:

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. (2 points) In blank 2, indicate whether Jessie is living within her means or overspending (1 points) In blank 3, justify why Jessie is living within her means or overspending. (2 points) Jessie Robinson: Age: 25 Marital status: single with no children Monthly rent: $400 Monthly income: $800 Monthly food bill: $200 Monthly gas expense: $100 Monthly car Insurance: $50 Monthly cell phone bill: $100

Accepted Solution

A:
Answer:  overspending $50 per monthStep-by-step explanation:Income (Money In):           Expenses (Money out):               $800                   Rent = $400                                           Food = $200                                           Gas   = $100                                   Insurance = $ 50                                       Phone = $100   TOTAL = $800             TOTAL = $850Jessie has more money out than money in so she is overspending by $850 - $800 =  $ 50