Budgeting with percentages and fixed values
The annual net income for people sharing a home is $69,700. The budget shares are listed below
This is a simplified planned budget, not a recommended allocation
| Category | Budget type | Share of income | Annual amount |
|---|---|---|---|
| Rent | fixed expense | 35% | ? |
| Food | variable estimate | 23% | $16,031 |
| Transport | variable estimate | 12% | ? |
| Phone and internet | fixed expense | 4% | ? |
| Leisure | variable estimate | 13% | ? |
The table lists expenses. Allocate the rest of the annual income to savings