Question

Judy is a single woman, 25 years old. Her take home pay is $2314.92/month. She also earns $48 interest per month on her savings account. Judy rents a 1-bedroom apartment for $825/month. She does not own a car and uses public transportation to travel to and from work. Judy also has a student loan for which she repays $258/month.

Answer 1

The monthly budget plan for Judy includes all of her income and expenses, the total balance is $ 2362.92 and she spends $ 1083.

What is the monthly budget?

A monthly budget is a personal spending plan that you use to track your monthly income and costs.

The given data in the problem is;

Home pay = $2314.92/month.

Interest earned = $48 / month

House rent = $825/month

EMI of student loan =  $258/month

Total earning per month = $2314.92 +  $48

Total earning per month = $ 2362.92

Amount she spends per month = $825/month + $258

Amount she spends per month = $ 1083

Hence, the total balance will be $ 2362.92 and she spend $ 1083.

To learn more about the monthly budget refer to:

https://brainly.com/question/570904

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