Alejandro lives in a small apartment, within walking distance to school. He takes the bus to work where he makes $10 per hour after taxes and works 30 hours per week. He wants to save money to buy a $6000 car within the next 2 years. How could a monthly budget be created to help Alejandro meet his financial goals? Select the best option. Monthly Budget Budget A Budget B Budget C Budget D Income $1,500 $1,500 $1,200 $1,200 Expenses- Rent Utilities Food Bus Pass Savings $600 $100 $150 $25 $250 $600 $100 $550 $25 $250 $600 $100 $250 $25 $250 $600 $100 $150 $25 $250
Alejandro earns $10 × 30 = $300 per week, or about $1,200 in a four-week month. Saving $250 each month for 24 months gives him $6,000. Budget D uses the $1,200 monthly income and includes $250 in savings; its listed expenses total $1,125, so they fit within his income.
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