after tax income | 34,000 |
rent | 10,000 |
food, household expenses | 5,500 |
credit card interest | 1,200 |
entertainment | 8,200 |
a) do you have a surplus or a deficit?
b) next year you get a 3% raise. On the other hand
you want to buy a $10,000 car, but all the other expenses remain
unchanged.
Surplus or deficit?
c) next year you get a 3% raise and your other
expenses
increase by 1%. Can you afford $7,500 tuition and fees?