Problem

SOLVE MONEY PROBLEMS
6. Budgets Hiroko earns $2,000 a month. Her monthly expenses are about $1,850, leaving $150 for savings. She now has $1,000 in her emergency savings account and another $300 in an account for a new computer. Hiroko has been offered a job that will pay her an extra $200 a month, but she will need to buy a car to travel to the new job.

Analyze What financial factors should Hiroko consider as she decides whether to accept the job?

Answer

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Answer

Analyze the difference in savings and additional expenses for the car, such as loan repayments, insurance, and maintenance

Steps

Step 1 :Calculate the current monthly savings: 20001850=150

Step 2 :Calculate the new monthly savings with the job offer: 2000+2001850=350

Step 3 :Analyze the difference in savings and additional expenses for the car, such as loan repayments, insurance, and maintenance

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