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Economics & Financial Literacy
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Budgeting, Cash Flow, and Spending Plans
Worksheet
Grade Level
Economics & Financial Literacy
12.51 Budgeting, Cash Flow, and Spending Plans
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A caregiver's monthly net income is $3,800. Required bills are $2,450, childcare is $800 after a price increase, food and transportation are $650, and the savings goal is $300. Current wants are $250. What is the best adjustment?
A
Skip childcare payments and keep all wants unchanged.
B
Keep the full savings goal and add debt for the shortfall.
C
Cut food and transportation by $400 before touching wants.
D
Reduce wants by $250 and reduce this month's savings goal by $150 while seeking a longer-term cost change.
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