Lewis has a net spendable income of $2,000 per month. He sets up the following transportation budget for himself. 3. Transportation (15% - 20%) 400

a. Car payments210

b. Gas/Oil120

c. Insurance60

d. License/Registration8

e. Taxes2

f. Maintenance/Repair What has Lewis done wrong?

Lewis has not budgeted the transportation correctly his distribution is not correct because he has used all the money that he has budgeted for transportation

So, nothing will be left for repair or maintenance. if he will take out more money other than his transportation from salary his other things will get disturb for which he has kept money

Lewis has a net spendable income of $2,000 per month. He sets up the transportation budget for himself.

Transportation (15% - 20%) = maximum $400

Lewis had done wrong in budgeting. He had budgeted more than the maximum recommended amount of money for transportation. This is why nothing is left for maintenance or repair.