Question
Roger and Susan are expecting another baby. Although Susan will still receive a portion of her salary while on maternity leave, it will be approximately
Roger and Susan are expecting another baby. Although Susan will still receive a portion of her salary while on maternity leave, it will be approximately 65% of her regular pay. Both children will receive government funding for $35 each month. Susan has decided to leave Jack in daycare 3 days a week, reducing the cost of daycare to $450 per month. Susan would like to purchase another vehicle as she will be home most of the day with the two children.
Roger and Susan found a used car from a well known local dealership. They will pay for the car out of their savings, however they will now have maintenance costs ($56.72 per month), insurance costs ($142.76 per month) and fuel costs ($123.00 per month) for the additional vehicle. Over the course of the first year, diapers and food costs will double to account for the two childrens needs. Create a revised budget for Roger, Susan, Jack and their new baby
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