Question

A new CSM student wants to figure out her monthly expenses and compare that with her monthly income so she can determine how many classes she can take per semester. The information below are her income and expenses.Income:Salary: $3200 per month (after taxes have been deducted)Monthly Expenses:Rent: $1450Groceries and Meals Out: $480Utilities: $135Health insurance: $150Car insurance: $390Gasoline: $100Miscellaneous: $400Calculate her NET monthly cash flow.

Answer 1

her income= $3200

adding her expenses you get $3105, but that is not her net cash flow.

her net cash flow is $3200 -$3105 =$95