Joyah’s Budget
Use budget sheets to set up and maintain Joyah’s budget. Then, answer the question to identify her budget
position.
Her planned income and expenses as follows:
Joyah works part-time at a greeting card company and part-time at a record store. The net monthly income
from her first job is RM600. The net monthly income from her second job is $800.
Her planned fixed monthly expenses include:
 RM200 for rent (she shares an apartment with two friends)
 RM175 for motorcycle payment
 RM220 for life insurance
Her planned flexible expenses include:
 RM100 (to save for post-secondary education)
 RM150 for food
 RM40 for gas and oil.
 RM50 for clothes
 RM60 for entertainment
 RM30 for personal and household items
How her month actually went as follows:
1. What she made :
 Joyah made RM45 in overtime pay this month as a record store.
2. What her fixed expenses actually were :
 Rent went up to $225, starting this month
 Her monthly motorcycle payment was RM175.
 Her monthly life insurance premium, as of this month, went up to RM295
3. What her flexible expenses actually were
 RM190 for food (she had a dinner party for which she hadn’t budgeted)
 RM60 for gas and oil (her motorcycle needed an oil change)
 RM34 for phone top up.
 RM220 for motorcycle repairs
 RM80 for a new pair of running shoes
 RM70 for entertainment
 RM60 for personal items
 RM36 for a birthday present for her mother
4. Unforeseen events
 Joyah got two Motor GP tickets in one week. The total cost of both tickets is RM230.
How does her budget look now?
1.
2.
3.
4.
5.
What is the difference between Joyah’s planned expenses and her actual expenses?
In what areas did she overspend?
In what areas did she spend less than she planned?
How much did she spend for the use of her lovely motorcycle this month?
How much money did she have at the end of the month to put into savings?