Question

has tripled her salary from when she was working part - time to pay her expenses through school. how should this increased income affect her budget? make comparisons with her previous budget and her current budget.
monthly budget | previous budget | current budget
income wages | $800 | $2400
expenses rent | $300 | $300
utilities | $60 | $60
groceries | $200 | $250
savings | $100 | $150
bus pass | $30 | $30
net income | $110 | $1610
a. alexa is earning quite a bit more money and her expenses reflect the change in income.
b. alexa is earning quite a bit more money than she was previously. she has worked hard and deserves to spend a lot of money on herself.
c. alexa is earning quite a bit more money than she was previously. this would be a good time for

Explanation:

First, compare Alexa's previous and current budgets: her income tripled from $800 to $2400, while most fixed expenses (rent, utilities, bus pass) stayed the same, and only groceries increased slightly ($200 to $250). Her net income jumped from $110 to $1610, leaving a large surplus. Option a is incorrect because her expenses barely changed despite the big income increase. Option b is not a responsible budgeting approach. Option c (even incomplete) aligns with sound budgeting: the large surplus means this is a good time to increase savings, pay off debt, or allocate funds to long-term goals, which is a rational response to the income increase.

Answer:

c. Alexa is earning quite a bit more money than she was previously. This would be a good time for (e.g., increasing savings, planning for long-term goals, or allocating funds to other responsible financial priorities)