Sammy makes $2362/month as a baseball coach. He is making a budget, and has made the following chart in order to divide his monthly paycheck into his accounts:
Expense type Frequency Account
Monthly litems
Jamount
Essential (fixed) Monthly Checking |$1292 Rent, car, insurance
Essential Monthly Checking |$420 Basic groceries, telephone, electricity,
(variable)
cable TV, batting practice.
Non-essential Monthly Cash $260 Snack items, restaurants, gifts, movies.
Other
Annual Emergency
$130
Health exams, clothing, food, baseball
(predictable)
savings
coach magazine.
Other
Annual
Emergency $210 Non-insured healthcare, repairs, and
(unpredictable)
savings
income replacement.
Other (long-term) 5 years
Vacation $50 Vacation.
savings
Total
$2362
Sammy has included a total row to help make sure that his paycheck can be divided to make deposits into these 4
accounts. If there were any extra, then he would increase one or all of the deposits. If there were not enough, he
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