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 \/tems
amount
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