It’s a good thing the family has their “Just in Case” funds because one month they got a flat tire, and it cost $97 for a new tire! What percent of their monthly income was that expense?
Remember to round your answer to the nearest whole percent.Calculator
Budget for a family of four
Total take-home income: $3,500
|Expenses||Amount||Percentage of Income|
|Housing costs (mortgage payment and insurance)||$1,050||30%|
|Transportation (car payment, insurance, bus fare)||$420||12%|
|“Just in case” funds||$70||2%|