Question

Khalil works in the gig economy, making deliveries for local stores and restaurants. He's trying to save money so he can go back to college next semester. However, his car stopped working and needs a few repairs. What should Khalil do?

A) Split the money between car repairs + saving for college
B) Make sure that his car is repaired first
C) Put all his money towards college fund so that he can reach his goal sooner
D) Start a savings account where he can put money away for car repairs

Answer 1

Khalil must split the money between car repairs and college savings.

What is a personal budget?

It is a technique of planning and organizing the financial expenses of a period, which helps an individual to identify their biggest expenses and have greater control over them.

Therefore, it is essential that Khalil plans his personal budget to better allocate financial resources to his needs and goals.

Find out more about personal budget here:

https://brainly.com/question/1943261

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