Question

Alexa has finished her culinary training program and is now working full-time as a chef in a hotel resort restaurant. She has tripled her salary from when she was working part-time to pay her expenses through school. How should this increased income affect her budget? Make comparisons with her previous budget and her current budget.

$800$2400

Expenses
  Rent
  Utilities
  Groceries
  Savings
  Bus Pass $300$60$200$100$30 $300$60$250$150$30

Answer 1

Alexa's increased income has allowed her to increase her expenses in various categories, while still maintaining a balanced budget.

Step-by-step explanation:

Alexa's increased income will have an impact on her budget. Let's compare her previous budget and her current budget:

Previous Budget:

• Rent: $300
• Utilities: $60
• Groceries: $200
• Savings: $100
• Bus Pass: $30

Current Budget:

• Rent: $800
• Utilities: $240
• Groceries: $250
• Savings: $150
• Bus Pass: $30

As we can see, her expenses have increased in line with her increased income. Rent, utilities, groceries, and savings have all increased, while the cost of the bus pass remains the same.

Answer 2

c.

Alexa is earning quite a bit more money than she was previously. This would be a good time for her to re-evaluate her budget. Part of the extra money she is making could be put in her savings account.

Step-by-step explanation: