Tristan has found a good job as a bookkeeping clerk after finishing his associates degree at the local community college. He is making a beginning annual salary of $19,760. How can this increased income affect his financial decisions? Compare his previous budget when he worked part time while finishing his degree with his current budget after getting a full time job.

Monthly budget | Previous Budget | Current Budget

income
Wages | $786 | $1646

Expenses
Rent | $300 | $600
Utilities | $60 | $120
Groceries | $130 | $200
Savings | $120 | $350
Car Expenses | $150 | $150
Entertainment | $20 | $120

Net Income | $6 | $106

a.Tristan is spending too much money on groceries and entertainment.

b.Tristan is earning quite a bit more in his full time job. He is spending more on rent, utilities, food, and entertainment, as well as saving $350 each month.

c.Tristan is earning double his previous wages. He should double his expenses, as well.

d.Tristan's increased income should have no effect on his financial decisions.

Tristan is earning quite a bit more in his full time job. He is spending more on rent, utilities, food, and entertainment, as well as saving $350 each month.

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