A budget is a periodical compilation of the estimated revenue earned and expenses incurred within a given time period
Monthly income calculation
James monthly income is calculated as follows;
Monthly income =
The required <u>James' monthly personal budget </u>is presented as follows;
Based on the above monthly income, the monthly personal budget is found by entering the given values in a budget template as follows;
Savings $944.
Learn more about how to make a budget here: