Budgeting with percentages and fixed values
A trainee worker plans a yearly budget from an annual net income of $30,500
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 | 22% | ? |
| Transport | variable estimate | 9% | ? |
| Phone and internet | fixed expense | 6% | ? |
| Leisure | variable estimate | 12% | ? |
The table lists expenses. Allocate the rest of the annual income to savings