Question

Write down your income. Remember, income can come from the wages you earn through a job, or from gifts or allowances. Be sure to note all your sources of income in the appropriate area on your budget spreadsheet.
List your expenses. Start by making a list of whom you owe money to and commitments you have made on a regular basis each month. This list usually includes housing, utilities, savings, transportation, food, and personal expenses. You may need to spend a week or more tracking your expenses to see how much you actually spend.

Do the math! Add up your expenses and then subtract that total from your income. Are you spending more than you earn? Do you want to put more into savings and spend less on food? Now is the time to adjust your expenses to make sure you are living within your means and being realistic about how much you need to spend each month. (8 points)

Answer 1

The income as well as my expenses can be computed as :

Income yearly  ; $10,0000

housing $2,000

utilities $500

savings $2,000

transportation $500

food  $3000

personal expenses $1000

Expenses= $9,000

Income yearly=$10,0000

(Income yearly-Expenses)=$1000

What is income and expenses?

Income serves as the money that is been received on a basis and expenses serves as those money that is been spent out.

Therefore, I can still save additional $1000 from my income.

Learn more about  Expenses at:

brainly.com/question/14279491

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