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In order to own their own home, Ian and Tami are willing to cut their clothing and entertainment expenditures by 3 0 % each and
In order to own their own home, Ian and Tami are willing to cut their clothing and entertainment expenditures by each and could decrease their savings allotments by Some savings still will be necessary to provide for additional furnishings they would need
and for expenses of an expanding family in the future. They also figure that the new house and yard would require $ monthly for maintenance and that utilities will be twice what they have been in the apartment. Other than that, their present budget allotments would remain the same.
Fill in the updated monthly budget:
Monthly Budget
Category Amount Adjusted Amount
RentMortgage $ $
Food $ $
Day Care $ $
Clothing $ $
Utilities $ $
Entertainment $ $
Savings $ $
Other $ $
HouseYard Maintenance $
Total $ $
The difference between their current budget and their adjusted budget is $
Based on their adjusted budget, can Ian and Tami afford the house yesno
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