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Mathematics

24 September, 21:44

Tristan has found a good job as a bookkeeping clerk after finishing his associates degree at the local community college. He is making a beginning annual salary of $19,760. How can this increased income affect his financial decisions? Compare his previous budget when he worked part time while finishing his degree with his current budget after getting a full time job.

a.

Tristan is spending too much money on groceries and entertainment.

b.

Tristan is earning quite a bit more in his full time job. He is spending more on rent, utilities, food, and entertainment, as well as saving $350 each month.

c.

Tristan is earning double his previous wages. He should double his expenses, as well.

d.

Tristan's increased income should have no effect on his financial decisions.