Question

Amelia is currently spending more each month than she is earning. Explain, using complete sentences, three steps Amelia could take to lower her expenses each month.
AMELIA'S BUDGET WORKSHEET
CATEGORY BUDGET AMT
Wages and bonuses (after-tax): $1,815
TOTAL INCOME: $1,815
Rent: $375
Gas/electric: $80
Cable/Internet: $130
Car payment: $325
Car insurance: $110
Cell phone: $85
Gas for car: $145
Entertainment (dinners, movies, etc.): $500
Water: $15
Groceries: $150
Savings: $25
TOTAL EXPENSES: $1,940
SURPLUS: -$125

Answer 1

Okay so obviously she needs food and water so you can not take that out, but depending how far she goes for work and only go to the store once a week and save maybe like $45 on gas if she only goes to the store and store for maybe 2-3 weeks that will leave her with only $80 in det. Also she could save like lets say $20 a week by not going to the movies, also lets say go a little lower on groceries and only get only what she really needs, so take maybe $25 out of that and that will leave her with only $35 over. and who really needs cable all you really need is internet. So take and split the bill witch would be $65, witch would leave her with $30 extra a week plus the $25 in savings.

Answer 2

Answer:

Hi!

She has a surplus of -$125.

The first option, she could cut entertainment and save $500.

• $500-$125 = $375 of surplus.

The second option, she could sell his car and cut with the car payment, car insurance and gas for the car, this will save $580.

• $325+$110+$145= $580
• $580-$125 = $455 of surplus.

The third option, cut with savings and cellphone and reduce to half his consumption of gas/electric energy, this will save $150.

• $80+$85+ $25 = $150
• $150 - $125 = $25 of surplus.