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Budget of Donna and Sherman Terrel - Case Study Example

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Summary
In the paper “Budget of Donna and Sherman Terrel” the author analyzes the budget from a cash flow standpoint of view. Housing, transportation food, Donna’s Payroll taxes, Clothing, Other Leisure, and others are evenly divided over the 12 month period…
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Budget of Donna and Sherman Terrel
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1. In January the Terrels are more than $1267 short than where they need to be. Though it is a temporary shortage, it needs to be addressed.2. In May there is again a Temporary Shortage of $1455 ( including the $ 600 threshold level in Savings)The Solution for the January Shortage perhaps would lie in curtailing all non-essential expenses (Clothing, Eating Out, Others, and Other leisure and possibly postponing any payments (if allowed) to February.The Solution for the May Shortage is possible if the Vacation is postponed to fall.

It is understandable that the Terrels want to take a vacation when Sherman's Academic schedule permits; hence perhaps a vacation during the fall break would be acceptable.The Extra $ 1500 for working during April has been accounted for and will not make a difference to the budget from a cash flow standpoint of view. It could make a difference if Sherman can negotiate a payment in the month of May from his employer.If these two issues are addressed, Terrel's budget is a viable one.

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Budget of Donna and Sherman Terrel Case Study Example | Topics and Well Written Essays - 250 words. https://studentshare.org/sociology/1521537-personal-finance
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Budget of Donna and Sherman Terrel Case Study Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/sociology/1521537-personal-finance.
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