To determine how much money Brendan and Tasia have left for their monthly budget after their dedicated expenditures, we will first calculate their total income and then subtract their total expenditures from that income.
Step 1: Calculate Total Income
Brendan's income:
- He is paid $2,300 twice a month (on the 5th and the 20th).
- Total income from Brendan = \( 2,300 \times 2 = 4,600 \)
Tasia's income:
- She receives $4,800 once a month.
- Total income from Tasia = \( 4,800 \)
Total Income from both: \[ \text{Total Income} = \text{Brendan's income} + \text{Tasia's income} = 4,600 + 4,800 = 9,400 \]
Step 2: Calculate Total Expenditures
Now we will add up all the dedicated expenditures:
- Mortgage: $3,200
- Utilities: $445
- Brendan's car payment: $225
- Tasia's car payment: $385
- Minimum credit payments: $214
- Cell phone plan: $156
- Gym membership: $96
Calculating the total expenditures: \[ \text{Total Expenditures} = 3,200 + 445 + 225 + 385 + 214 + 156 + 96 \]
Calculating step-by-step:
- \( 3,200 + 445 = 3,645 \)
- \( 3,645 + 225 = 3,870 \)
- \( 3,870 + 385 = 4,255 \)
- \( 4,255 + 214 = 4,469 \)
- \( 4,469 + 156 = 4,625 \)
- \( 4,625 + 96 = 4,721 \)
Thus, the total expenditures is: \[ \text{Total Expenditures} = 4,721 \]
Step 3: Calculate Remaining Budget
Now, we subtract the total expenditures from the total income to find out how much money is left for the rest of their monthly budget: \[ \text{Remaining Budget} = \text{Total Income} - \text{Total Expenditures} = 9,400 - 4,721 = 4,679 \]
Conclusion
Brendan and Tasia have $4,679 left for the rest of their monthly budget after accounting for their dedicated expenditures.