Chapter 3
Budgeting: Keeping Track of Your Money
65
Example 3-1
To create a weekly spending record, write the amounts you spend for fi xed
and variable expenses each day. Then total the amounts for each day and for
the week. The weekly spending record for Carlos Acosta is shown below.
Weekly Spending Record
Carlos Acosta
For the week of September 10, 20--
Amounts Spent
Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day 7 Total
Fixed
Expenses
School
lunches
$2.75 $2.75 $2.75 $2.75 $2.75 $13.75
Bus fare to
work
1.35 1.35 $1.35 4.05
Savings
deposit
20.00 20.00
Total Fixed
Expenses
22.75 4.10 2.75 4.10 2.75 1.35 37.80
Variable
Expenses
Birthday gift
for sister
5.50 5.50
School music
fee
22.00 22.00
New music
CD
8.95 8.95
Lunch with
friends
11.45 11.45
New T-shirt 7.29 7.29
Total Variable
Expenses
8.95 5.50 22.00 11.45 7.29 55.19
Total Expenses $22.75 $13.05 $8.25 $26.10 $14.20 $1.35 $7.29 $92.99