Question

antonio is ready to move out of his parents house and live on his own. he found a great apartment that has all utilities included. his job as an assistant plumber requires him to have a car, but his hours are flexible enough to give him time on the weekends to have fun with his friends. what is the best way antonios budget can be modified to help him save enough for the $200 down - payment and make the $500 monthly rental payment? monthly budget old budget new budget income wages $1500 $1500 expenses food $250 $ cell phone $175 $ savings $200 $ entertainment $200 $ car expenses $300 $ net income $375 $ a. antonio could keep his budget the same and hope he gets a raise at work. b. antonio could reduce his monthly entertainment expenses by $100 to help pay the monthly rent. he could take $200 out of savings once for the deposit. c. antonio could live at his parents house for one more month and save his net income. after one month of living at home, he would have enough additional money for the deposit and one years rent at the apartment.

Explanation:

Step1: Analyze Option a

Hoping for a raise is not a reliable way to modify the budget immediately to meet the current - need of saving for the down - payment and paying rent.

Step2: Analyze Option b

Reducing entertainment expenses by $100 helps with the monthly rent payment. Taking $200 from savings for the down - payment is a one - time action that can be done without severely impacting long - term financial stability.

Step3: Analyze Option c

Living at his parents' house for one more month may not be an ideal or practical solution for Antonio who is ready to move out. Also, saving net income for one month may not be sufficient for one - year's rent as well as the down - payment.

Answer:

B. Antonio could reduce his monthly entertainment expenses by $100 to help pay the monthly rent. He could take $200 out of savings once for the deposit.