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Harry takes home $3,820.00 monthly. He pays $1,850.00 for rent, $198.00 for utilities, $980.00 for student loans, and $410.00 for his car. He is unmarried, lives alone and drives 11 miles to work here parking is free. Making reasonable assumptions, prepare a budget to determine how much Harry can save monthly. Do you have any suggestions for him? 2.
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Answer #1

Answer : Calculate the amount that Harry saved as follows :

Total amount received Harry every month =$3820.00

Less : Rent paid. ( $1850)

Utilities . ( $198)

Student loan . ( $980)

Car ( $410)

Harry savings. = $382

Harry saved $382 monthly.

The suggestion for Harry that if it is possible they shift to the near by where they work as it will help in saving the cost of driving the car and every month he is able to save $410 which he spend on the car.

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