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Essay Available:
Pages:
1 page/≈275 words
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Other
Subject:
Accounting, Finance, SPSS
Type:
Coursework
Language:
English (U.S.)
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Date:
Total cost:
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Topic:

Budget Recommendations to Achieve a Balanced Budget

Coursework Instructions:

Discussion: Joe's Budget
Discuss two changes you recommend that would help Joe achieve a balanced budget.
Joe's Monthly Financial Profile:
A place to live (i.e. Joe doesn't like roommates)
Three meals a day
Joe has an old car that is paid for and gets 12 mpg
Car insurance is $30/month
The car breaks down occasionally and repairs average $50/month
Joe works 25 hr/week at min. wage
Joe has a school loan payment of $50/month
Joe likes to party
Joe belongs to a health club with $50/month dues
Joe likes to eat out 3 times/week
Joe's girlfriend lives 500 miles away and he calls her twice a week
Joe's job is 10 miles from school and he lives midway between school and work
Mom and Dad send Joe about $75-100 every 3 months
Joe has 2 credit cards with a total balance of $300
Joe goes to a concert or movie every 2 weeks

Coursework Sample Content Preview:
Student’s Name
Professor
Course
Date
Joe’s Budget Recommendations
Although Joe’s budget is amazing, two recommendations would help achieve a balanced budget. First, Joe needs to replace his old car to avoid the occasional breakdowns and repairs that take an average of $50 a month. Joe spends an average of $600 per year on car repairs which can be used to do other activities. Hence, doing away with the old car is the first step to achieving a balanced budget. The amount of money Joe spends on car repairs per month may seem minimal, but a lot in the long term. To achieve a balanced budget, one has to seal the loopholes that consum...
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