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QuizMultiple Choice

Budget — Test

Question 1 • Financial Math

In July, Makayla has a planned vacation expense of $⁢1,000 However, an unexpected home repair costing $⁢600 occurs in October. How might Makayla adjust the budget to handle the home repair and maintain the vacation plans?

Answer
A
postpone the vacation to the next year
B
borrow money to cover both the vacation and the home repair
C
skip the credit card payment in July and apply that amount to the home repair
D
reduce discretionary expenses in October and apply the savings to the home repair

Explanation

Makayla can keep the planned $1,000 vacation expense and free up money for the unexpected $600 repair by reducing discretionary spending in October. This adjusts the budget to cover the repair without skipping a required credit card payment or borrowing money.

AI-written and checked against the verified answer.

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