| | Actual | | Budget |
| | Month 1 | | Month 2 |
| Salary | $ 4,000 | | $ 4,000 |
| Students loan | $ - 0 | | $ - 0 |
| Scholarship proceeds | $ 2,000 | | $ 2,000 |
| Cash from Family | $ 2,000 | | $ 2,000 |
| Net Pay | $ 8,000 | | $ 8,000 |
| Expenses: |
| Housing-related Expenses: |
| Rent/Mortgage | $ 2,200 | | $ 2,200 |
| Utility – Electric | $ 240 | | $ 240 |
| Utility - Gas | $ 190 | | $ 190 |
| Cable/Internet | $ 120 | | $ 120 |
| Cell Phone | $ 90 | | $ 90 |
| Utility – Water | $ 120 | | $ 120 |
| Insurance (home or renters) | $ 255 | | $ 255 |
| Living Expenses: |
| Restaurant Meals | $ 190 | | $ 190 |
| Groceries | $ 390 | | $ 390 |
| Clothes | $ 450 | | $ 450 |
| Transportation - Monthly Pass | $ 120 | | $ 120 |
| Transportation - Gasoline | $ 150 | | $ 150 |
| Savings: |
| Contributions to savings plans | $ 700 | 9% | $ 940 | 12% |
| Contributions to retirement plans | $ 400 | 5% | $ 640 | 8% |
| Other: |
| Car Insurance | $ 220 | | $ 220 |
| Misc Expenses | $ 400 | | $ 400 | Expenses Includes random and impulse purchases; unused cash are save and accumulated for future use |
| Emergency expenses | | | $ 300 | Budgeted emergency expense for any kind of unexpected situation |
| Total Expenses | $ 6,235 | | $ 7,015 |
| Net savings in cash | $ 1,765 | | $ 985 |