Question

Sofia still lives at home, but helps with the rent paying $200 per month. She has a job that pays about $700 per month after taxes. She has to pay for her own personal items such as clothing and toiletries spending about $120 per month. Going out with friends is important to her, but she also wants to save money to buy her own car. Select the budget that would best help meet her goals.

Monthly Budget
Budget A
Budget B
Budget C
Budget D
Income
$700
$700
$700
$700
Expenses -
Rent
Personal Items
Entertainment
Savings

$200
$120
$100
$250

$200
$120
$300
$50

$200
$120
$200
$150

$200
$120
$325
$25
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

C

Budget C balances going out ($200) with substantial savings ($150), meeting both of Sofia's goals better than the other options.