Question

Select the budget that would most quickly achieve the financial goal of saving $6000 for college tuition.

Monthly Budget
Budget A
Budget B
Budget C
Budget D
Income
$1250
$1000
$1125
$1500
Expenses
Rent
Utilities
Food
Cell Phone
Savings
Personal Items
Entertainment
Car Expenses
Clothing

$200
$70
$150
$0
$600
$120
$30
$0
$20

$200
$80
$250
$75
$50
$10
$100
$200
$0

$300
$75
$160
$40
$200
$25
$20
$0
$300

$0
$0
$400
$110
$450
$50
$150
$250
$50
Net Income
$60
$35
$5
$40
a.
Budget A
b.
Budget B
c.
Budget C
d.
Budget D


Please select the best answer from the choices provided

A
B
C
D

Answer 1

A — Budget A. It saves $600/month, so $6,000 ÷ $600 = 10 months (fastest of the four).