Change in Savings. Angela's monthly disposable income is $2,420. She has monthly expenses of $2,120 (including recreational expenses of $300) and net cash
flow of $300 per month. Angela makes a budget based on her personal cash flow statement. In two months, she must pay $375 for tags and taxes on her
car. As
a result, Angela can expect to save $3,225 in the next 12 months. Angela analyzes her personal budget and decides that she can reduce her
recreational
spending by
$80 per month. How much will that increase her annual savings? What will her annual savings be now? Are there any other spending categories she might be able
to reduce?
Angela's annual savings will increase by $
(Round to the nearest dollar.)
