Copyright Goodheart-Willcox Co., Inc. 40 Chapter 2 Personal Financial Planning Budget Courtney Acorinti Budget period ____________________ Estimated Actual Variance Income Jobs Babysitting $25 $25 — Yard work 40 40 — After-school job 200 200 — Allowance 40 40 — Gifts 10 10 — Total Income $315 $315 Expenses Fixed Expenses Bus pass $15 $15 — Lunches 90 90 — Savings 15 15 — Total Fixed Expenses $120 $120 Variable Expenses Snacks $20 $20 — Movies/concerts/events 40 25 15 Clothes 50 40 10 Music downloads 25 25 — Gifts 20 20 — Magazines 15 15 — Personal care products 25 25 — Total Variable Expenses $195 $170 $25 Total Expenses $315 $290 $25 Discretionary Income (Income – Expenses) $315 $290 $25 Goodheart-Willcox Publisher Figure 2-3 At the end of the budget period, the actual income and expenses can be recorded.