Q 1

Helen has realized her dream and is now working full-time as a nature photographer. Helen works 35 hours per week and has a monthly cash inow from wages of $3500 (net after taxes). Helen is working on a zero-based budget for January and expects to have a cash outow of $1870 per month for rent, $115 per week for groceries (assume 4 weeks in the month), and $835 for other miscellaneous expenses. Helen is saving the remaining amount for a new digital'camera, and it is really important to keep saving for that, no matter what. Unfortunately, Helen just found out that monthly rent is going to increase by $325 starting in January. Which of the following is the best course of action for Helen to take revise her personal monthly budget? 0 Increase savings for the digital camera by $100 per month. 0 Increase the number of hours worked by 13 hours per month. 0 Lower grocery expenses by $25 per week. 0 Lower monthly miscellaneous expenses by $250