Question

Cynthia is making a budget. She makes a monthly net income of $2,300; plus, she earns an additional $640 each month for providing weekend child care. She lists her dedicated expenses. Description Amount rent $775 utilities $308 car payment $385 student loan payment $273 cell phone plan $87 book club membership $30 How much money is left for the rest of her monthly budget? Show your work or explain how you got your answer.

Answer 1

To find out how much money Cynthia has left for the rest of her monthly budget, we first need to calculate her total monthly income and her total monthly expenses.

**Step 1: Calculate Total Monthly Income**

Cynthia's monthly net income is:
- Monthly salary: $2,300
- Additional income from child care: $640

Total Monthly Income = $2,300 + $640 = $2,940

**Step 2: Calculate Total Monthly Expenses**

Now, we will sum up all of her dedicated expenses:

- Rent: $775
- Utilities: $308
- Car payment: $385
- Student loan payment: $273
- Cell phone plan: $87
- Book club membership: $30

Total Monthly Expenses = $775 + $308 + $385 + $273 + $87 + $30

Calculating this step by step:
- $775 + $308 = $1,083
- $1,083 + $385 = $1,468
- $1,468 + $273 = $1,741
- $1,741 + $87 = $1,828
- $1,828 + $30 = $1,858

Total Monthly Expenses = $1,858

**Step 3: Calculate Money Left for the Rest of the Budget**

Now we will subtract the total monthly expenses from the total monthly income:

Money Left = Total Monthly Income - Total Monthly Expenses
Money Left = $2,940 - $1,858 = $1,082

Therefore, Cynthia has **$1,082** left for the rest of her monthly budget.