MY PROPOSED WEEKLY BUDGET OF MY INCOME

Good day steemians. I would to participate the #thebudgetchallenge of @smaeunabs because I want also share my budgeting allocation of my income. I share my weekly income budget. This was helpful to all working people to have also their own budget.

I used 3d chart Mobile apps for making the diagram

MY WEEKLY BUDGET

Since I was working in long years this is my first time making my budget plan. I always having a budget of my money but sometimes when my friend invite me for a bonding outside I spend my money allocated for my savings.
But now I think I need to establish my budget to my income for my future since I have no child to support me when stop working.
In my weekly budget allocation in transportation I spend 1 day per week for my fare from my house to my boarding house since I was renting in lapu lapu city.

Fare from Cebu City to my boarding house

P 7.00 ,- From Lahug to Mabolo
P 7.00 - From Mabolo to Mandaue
P 10.00 - From Mandaue to Ibo LLC

Fare from Lapu lapu city to Camagong Lahug

P 10.00 - from Ibo to Mandaue
P 8.00 - from Mandaue to Ayala

Computation :
Total ( P 24.00 + P 18.00 = P 42.00)

Because my house near Ayala I'm will only walking from Ayala to my house.

My daily fare from boarding house to work place

P 10.00 - Fare back and forth every day

Computation :
Total ( P 10.00 x 6 days = P60.00) /week

MY WEEKLY FOOD ALLOWANCE.

This is my budget allocated for my food.

P 104.00 = 2kilo of ivory rice/ week
P 60.00 x 7 days = P 420.00 daily food allowance

Total food budget = P 524.00 / week

MY WEEKLY BUDGET FOR LOAD

I must allocate budget for my load since I was using two network. I was using globe sum for my Steemit post because inside my room of my boarding house only globe have signal. Then to connect my family I used smart sim because most of my sister and brother is using smart sim.
This is my computation of load budget for 1week

P 90.00 - Globe Load( GOTSCOMBODD90 )/week
P 30.00 - TNT load/ week

Total = ( P 90.00 + P 30.00 = P 120)/week

MY BOARDING HOUSE RENTAL

I was renting a room in boarding house near my work place in order minimize absent due to late. Because as we notice that in mandaue to Lapu lapu city have heavy traffic so I decided to stay in boarding house near where I work. This is my computation of my boarding house rental.

P 750.00 - rental per month since my budget proposed is weekly so I divide per week. So this is the computation :

P 750/4weeks = P 187.50/week boarding house rental

MY WEEKLY BUDGET FOR MY GOVERNMENT FEES AND INSURANCE FEES

We should allocate budget for our government fee and insurance fee. Because it is better have a budget for our future. We must pay it compulsory. This is my computation of all my fees

P 137.50/4weeks = P 34.375/week ( Philhealth contribution)
P 362.50/4weeks = P 90.625/week ( SSS contribution)
P100.00/4weeks = P 25.00/week ( Philhealth contribution)
P 165.00/4weeks = P 41.25/week ( Private Medical Insurance)

Here is the total computation of all my fees per week

Total Fees :
( P 34.375 + P 90.625 + P 25.00 + P 41.25 = P 191.25 / week

BUDGET FOR MY LOAN PAYMENT
As a worker we have pagibig loans to be paid. Here is the computation of loan. Since the payroll is every 15th & 30th of the month. I divide by 2 :

P 1175.00/2 = P587.50/week loan payments.

I WILL SHOW FIRST MY WEEKLY INCOME COMPUTATION

Since I was working I will show you my computation of my weekly income earn.

P 366.00/day x 6days a week = P 2196.00 / week
P 79.00/day x 6days a week = P 474.00 / week allowance

Total income : ( P 2196.00 + P 474.00) = P 2670.00/week

This is my summary of my weekly expenses budget :
P 42.00 - total fare from Lapu lapu to camagong Lahug & vice versa
P 60.00 - total fare from boarding house to work
P 524.00 - food allowance
P 120.00 - load budget
P 187.50 - boarding house
P 191.25 - government fees and insurance
P 587.50 - loan payment
P 200.00 - miscellaneous

P 1912.25 - total weekly expenses budget.

SAVINGS COMPUTATION
The computation of my savings is based on my weekly income less for my weekly expenses. Here is how to compute.:

P 2670.00 - My weekly income
P 1912.25 - My weekly expenses budget

P 757.75 - is my money left for my savings.

And here is my entry for #thebudgetchallenge by @smaeunabs. Thank you making this challenge because it can really help us for spending our money correctly. Thank you