Predict how much money can be saved without having a negative actual net income.
Monthly Budget
Budgeted Amount Actual Amount
Income
$1150
$900
Wages
$25
$25
Savings Interest
Expenses
Rent
$400
$400
Utilities
$1001
$80
Food
$250
$200
Cell Phone
$75
$75
Savings
$200
$
Net Income
$150
$
a. It is not possible to save any money this month without having a negative actual net income.
b. $170 can be saved resulting in an actual net income of $0.
c. $200 can be saved resulting in an actual net income of $150.
d. If you are saving money, you will not have a negative actual net income.