33.9k views
3 votes
Antonio is ready to move out of his parent's house and live on his own. He found a great apartment that has all utilities included. His job as an assistant plumber requires him to have a car, but his hours are flexible enough to give him time on the weekends to have fun with his friends. What is the best way Antonio's budget can be modified to help him save enough for the $200 down payment and make the $500 monthly rental payment?

a. Antonio could keep his budget the same and hope he gets a raise at work.
b. Antonio could reduce his monthly entertainment expenses by $100 to pay the monthly rent. he could take $200 out of savings once for the deposit.
c. Antonio could live at his parent’s house for one more month and save his net income. after one month of living at home, he would have enough additional money for the deposit and one year’s rent at the apartment.
d. Antonio could reduce his monthly entertainment expenses by $75 and his food expenses by $50 to pay the monthly rent. he could take $200 out of savings once for the deposit.

2 Answers

1 vote

Answer:

d. Antonio could reduce his monthly entertainment expenses by $75 and his food expenses by $50 to pay the monthly rent. He could take $200 out of savings once for the deposit.

Step-by-step explanation:

edge

User Nick Rupley
by
5.4k points
5 votes

Answer: The best way Antonio's budget can be modified to help him save enough for the $200 down payment and make the $500 monthly rental payment is that, if Antonio could reduce his monthly entertainment expenses by $75 and his food expenses by $50 to pay the monthly rent. He could take $200 out of savings once for the deposit.

It's necessary for Antonio to reduce his total expense by $125 in order for him to accommodate himself and take $200 out of savings.

User Pinch
by
6.4k points