Question

please seperate the answers and write legibly and use details

AaBbCcDdEe A A Aa A vev 33 21 1 x Al AESE E v AaBbccdee No Spacing AaBbCcDc AaBbcc Heading 1 Heading Normal 7. (10 pts) James makes $1,500 a month. He lives in a very small apartment where he pays $600 a month which includes his utilities. He usually gets by with about $100 a week in groceries. Sometimes his uncle calls him to come help him do some odd jobs around that community on the weekend. He can usually count on $200 a month from that (that's how much he made this month). He has made more, but some months he hasn't done any odd jobs. He is doing his best to hold on to his car and almost has it paid for only six more months at $250 a month. He has been putting about $60 a month in gas and must pay $80 a month for car insurance. His cell phone bill which includes a data plan is $75 a month, and he really wants to upgrade his phone. The new model would cost about $50 more per month so he is trying to wait awhile. Every Sunday he has coffee with friends at Dunkin Doughnuts and spends about $8. He likes to go to the movies, but he rarely does. If he goes, it costs him about $25 after ticket and snacks. Create a current budget for James. Identify any income you list as regular or variable, any expenses as fixed or variable, and expenses as needs or wants. 8. (10 points) Assume James (from problem #6) cannot change his employment anytime within the next 3 years. He has a high school diploma, but no other training. He is likely to get a small raise each year (say about 2%). He is not willing to do anything illegal! Think about his situation and then write TWO very different paragraphs to James advising him about his future. Try to be realistic in your expectations for him.

Answer 1

Particulars	Amount	Type
Income
Salary	1500	regular
Odd jobs	200	Variable
total	1700
Expenses
Rent	600	Fixed
Groceries	400	Fixed
Car	250	Fixed
Gas	60	variable
Car insurance	80	Fixed
phone bill	75	variable
Coffee	8	variable
total	1473
Savings	227
wants
Cell phone	50
movies	25
total	75

If james fulfills his wants then his savings will be 227-75=$152