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Jim earns $1,600 per month after taxes. He is working on his budget and has the first three categories finished. Housing $576 Food $272 Transportation $320 Why will he have a pr…

Jim earns $1,600 per month after taxes. He is working on his budget and has the first three categories finished. Housing $576 Food $272 Transportation $320 Why will he have a pr…
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1 vote
Jim earns $1,600 per month after taxes. He is working on his budget and has the first three categories finished.

Housing $576
Food $272
Transportation $320

Why will he have a problem with the rest of his budget?

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User Fez Vrasta
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7.4k points

1 Answer

4 votes
He is budgeting too much for transportation. He has used the highest recommended percentages to calculate the amounts for the three categories. He is budgeting too much for housing. He has used the lowest recommended percentages to calculate the amounts for the three categories.
answered
User Jobima
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8.6k points
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