Home / Expert Answers / Other Math / 10-the-following-list-of-monthly-expenses-for-a-first-year-student-at-a-post-secondary-institution-pa162

(Solved): 10. The following list of monthly expenses for a first-year student at a post-secondary institution ...



10. The following list of monthly expenses for a first-year student at a post-secondary institution are presented. The student has a monthly income of $1,450. Is the student following the recommended rule of allocating 50% of monthly income to needs, 30% to wants and 20% to savings or debt? 

 

Income: $1,450

 Expenses:

• $300/month rent for a room 

• $10 for medication 

• $50 phone bill

• $150 transportation

• $9.99 subscription for music 

• $9.95 subscription for books 

• $9.99 movie subscription 

• $19.99 subscription for video games 

• $100 eating at restaurants 

• $25 for coffee 

• $100 for groceries 

• $100 for clothing for school 

• $500 for social gatherings 

• $65 on transportation from social gatherings



We have an Answer from Expert

View Expert Answer

Expert Answer


Income=$1450 From the following expenses given, Needs are:- Month rent($300) Medication($10) Phone bill($50) Transportat
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe