Income Expenses
Entertainment $210.00
Miscellaneous $225.00
TOTAL TOTAL
1. Hannah has made a list of her incomes and expenses for one month.
a. Calculate the Hannah’s total income and total expenses for one month. (1 mark)
d. What percentage of her income do her savings (the answer in c.) represent? (1 mark)
e. After 6 months, Hannah wants to buy a new bicycle that costs $1199.99. Will she have
enough money saved? (1 mark)
2. Pierre has kept a record of his spending over the past 4 months. He earns monthly pay of
$2951.18.
Average Monthly $
a. Use this information to calculate his average monthly expenses in each category for the
4-month period. (2 marks)
b. Create a budget for Pierre using the AVERAGEs from the table above. (4 marks)
Total: Total:
d. Spending guidelines suggest housing should account for 30–35% of total income. Is
Sean’s spending within these guidelines? What is the minimum and maximum
amount he should spend on housing? (2 marks)