Maureen has a net spendable income of $2,100 per month. she sets up the following transportation budget for herself. 3. transportation (15% - 20%) 350 a. car payments 150 b. gas/oil 120 c. insurance 60 d. license/registration 2 e. taxes 5 f. maintenance/repair 50 what has maureen done wrong?

Given is : Maureen has a net spendable income of $2,100 per month.

Now, she sets up a 15 to 20% budget for transportation.

This means her should budget lie between

to but she assigned $350 for this category.

Now adding up the sub- categories, we get:

So, we can clearly see that the sub-categories cost more than the category itself.

Maureen has budgeted her transportation wrongly. Either she should increase the budget or she should cut out few dollars from the sub categories.