January
\begin{tabular}{|l|r|r|}
\hline Income & \multicolumn{1}{|c|}{ Goal } & \multicolumn{1}{c|}{ Actual } \
\hline Job & 41000.00 & 41000.00 \
\hline Other & 0.00 & 750.00 \
\hline \multicolumn{2}{|r|}{ Total Income: } & 41000.00 \
\hline
\end{tabular}
\begin{tabular}{|l|l|l|}
\hline Expenses & Goal & Actual \
\hline Tithing & 4100.00 & 4175.00 \
\hline Fast Offering & 300.00 & 300.00 \
\hline Taxes & 3933.31 & 3933.31 \
\hline Tuition & 680.00 & 680.00 \
\hline Housing & 10500.00 & 10500.00 \
\hline Utilities & 3300.00 & 3474.18 \
\hline Cell Phone & 3626.64 & 3345.97 \
\hline Internet & 5400.00 & 5565.13 \
\hline Transportation & 2500.00 & \
\hline Groceries & 5000.00 & \
\hline Other & 1500.00 & \
\hline Emergency Fund & 160.00 & 181.00 \
\hline Total Expenses: & 40999.95 & 32154.59 \
\hline
\end{tabular}
\begin{tabular}{|l|r|r|}
\hline Cash Flow Summa & \multicolumn{1}{|c|}{ Goal } & \multicolumn{1}{c|}{ Actual } \
\hline Total Income & 41000.00 & 41750.00 \
\hline Total Expenses & 40999.95 & 32154.59 \
\hline Monthly Cash Flow: & 0.05 & 9595.41 \
\hline
\end{tabular}

Set up an equation for the total actual expenses.
Substitute the given values into the equation.
Simplify the equation to solve for the sum of the unknown expenses (Transportation, Groceries, and Other).
Determine that each of the unknown expenses must be $0.00 since expenses cannot be negative.
Transportation = 0.00 ​ , Groceries = 0.00 ​ , Other = 0.00 ​

Explanation

Understanding the Problem We are given a table of income and expenses for January, with both goal and actual values. We need to determine the actual values for Transportation, Groceries, and Other expenses, given that the total actual expenses are known.

Setting up the Equation Let T be the actual Transportation expense. Let G be the actual Groceries expense. Let O be the actual Other expense. We know that the Total Expenses Actual is the sum of all individual actual expenses. So, Total Expenses Actual = Tithing Actual + Fast Offering Actual + Taxes Actual + Tuition Actual + Housing Actual + Utilities Actual + Cell Phone Actual + Internet Actual + Transportation Actual + Groceries Actual + Other Actual + Emergency Fund Actual

Substituting the Values We are given that Total Expenses Actual = $32154.59. So, we can write the equation:


32154.59 = 4175.00 + 300.00 + 3933.31 + 680.00 + 10500.00 + 3474.18 + 3345.97 + 5565.13 + T + G + O + 181.00
Let's sum the known actual expenses: 4175.00 + 300.00 + 3933.31 + 680.00 + 10500.00 + 3474.18 + 3345.97 + 5565.13 + 181.00 = 32154.59
So the equation becomes: 32154.59 = 32154.59 + T + G + O

Solving for the Unknowns Now, we solve for T + G + O :
T + G + O = 32154.59 − 32154.59 = 0

Since expenses cannot be negative, the only solution is T = 0 , G = 0 , and O = 0 .

Final Answer Therefore, the actual Transportation expense is $0.00, the actual Groceries expense is $0.00, and the actual Other expense is $0.00.

Transportation = 0.00 ​ Groceries = 0.00 ​ Other = 0.00 ​
Examples
Budgeting is a crucial skill for managing personal finances. By tracking income and expenses, individuals can identify areas where they can save money and achieve their financial goals. For example, understanding where your money goes each month allows you to make informed decisions about spending, such as reducing unnecessary expenses or allocating more funds to savings or investments. This detailed expense tracking ensures a balanced budget and promotes financial stability.

Answered by GinnyAnswer | 2025-07-08

The actual expenses for Transportation, Groceries, and Other are all $0.00, as the total actual expenses equal the known expenses without any remaining budget for these categories. Thus, each of these expenses must be zero to maintain the accuracy of the total calculated. Therefore, Transportation, Groceries, and Other expenses are $0.00 each.
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Answered by Anonymous | 2025-07-13