From the information provided in Problems 1 through 3, how much can Angela expect to save in

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From the information provided in Problems 1 through 3, how much can Angela expect to save in the next 12 months?


Data from problem 1 through 3;

Angela earns $2170 per month before taxes in her full-time job and $900 per month before taxes in her part-time job. About $650 per month is needed to pay taxes and other payroll deductions. 

Angela (from Problem 1) inspects her chequebook and credit card bills and determines that she has the following monthly expenses

$500 Rent Cable TV 30 Electricity 100 Water 25 Telephone 40 Groceries 400 Car expenses 350 Disability insurance 100 Crit



Angela (from problem 1 and 2) makes a budget based on her personal cash flow statement. In two months, she must pay $900 for insurance on her car. How will this payment affect her net cash flows for that month? Suggest ways in which Angela might handle this situation.

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Related Book For  book-img-for-question

Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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