Southern New Hampshire University

FIN 250

ECON1010 Taking Charge of Your Economic Future Name:
Unit 4 Touchstone Template Date:
Amount Percent Amount
Income $4,167 100% Income $4,250
Expenditure Expenditure
Housing $1,000 24% Housing $1,000
Food $833 20% Food $750
Transportation $350 8% Transportation $300
Education $175 4% Education $110
Utilities $183 4% Utilities $183
Taxes $167 4% Taxes $135
Health Care $138 3% Health Care $538
Family Care $129 3% Family Care $100
Miscellaneous $192 5% Miscellaneous $134
Savings $1,000 24% Savings $1,000
Total $4,167 100% Total $4,250
MONTH 1 BUDGET MONTH 2 BUDGET
Jennifer Breshears
11/23/2022
STEP 1: Enter the previous values you obtained from the Unit 2 Touchstone into the MONTH 1 BUDGET. Important: Before yo
be sure to divide each dollar amount by 12. Remember, the Unit 2 Touchstone was an annual basis while this Touchstone is
monthly basis. If you no longer have the previous values, create new ones. Remember to start by entering your income and b
the MONTH 1 BUDGET balances.
STEP 2: Now create your MONTH 2 BUDGET and your MONTH 3 BUDGET above. Do not change the predetermined costs for H
Care in the second month or Miscellaneous in the third month. Do not modify the income in either month. Remember that yo
monthly income must equal your monthly expenditures (including savings). Look ahead to step 3 to see how you can use form
for proper balancing.