Q1

Karen has realized her dream and is now working full-time as a nature photographer. Karen works 37 hours per week and has a monthly cash inow from wages of $3700 (net after taxes). Karen is working on a zero-based budget for January and expects to have a cash outow of $1810 per month for rent, $140 per week for groceries (assume 4 weeks in the month), and $905 for other miscellaneous expenses. Karen is saving the remaining amount for a new digital camera, and it is really important to keep saving for that, no matter what. Unfortunately, Karen just found out that monthly rent is going to increase by $400 starting in January. Which of the following is the best course of action for Karen to take revise her personal monthly budget? , _ 0 Increase the number of hours worked by 16 hours per month 0 Lower monthly miscellaneous expenses by $250 0 Lower grocery expenses by $25 per week 0 increase savings for the digital camera by $100 per month