The monthly budget is $1,418.12.
A budget is an estimation of revenue and expenses over a specified future period of time and is utilized by governments, businesses, and individuals.
Given:
You recorded the actual expenses you incurred for a previous months in the given table.
Expenses Amount ($) Total
Household 850.00 1060.00
Medical 210.00
Entertainment 50.00 50.00
Loans 43.12 43.12
Insurance 125.00 125.00
Personal 78.00 78.00
Misc. 62.00 62.00
Total amount $1,418.12
hence, the monthly budget is $1,418.12.
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