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.