Yoko is trying to save money for a new bicycle. She sets up a budget as shown below.
| | |
|---|---|
| Yoko's Monthly Budget | |
| Description | Income ${}^{(+)}$ | Expenses (-) |
| Earnings (babysitting) | $125 | |
| Earnings (bagging groceries) | $55 | |
| Snacks | | $25 |
| | | $10 |
| Transportation | | $25 |
| Clothing | | $35 |
| Amount available for savings: $ | | |
How much money will Yoko have left over for her savings each month?
A. $85
B. $95
C. $110
Answer (2)
Yoko has a total income of $180 from babysitting and bagging groceries. Her total expenses amount to $95, leaving her with $85 available for savings each month. The correct answer is A. $85.
;
Calculate total income: $125 (babysitting) + $55 (groceries) = $180.
Calculate total expenses: $25 (snacks) + $10 () + $25 (transportation) + $35 (clothing) = $95.
Subtract total expenses from total income: $180 - $95 = $85.
Yoko has 85 left for savings each month.
Explanation
Calculate Total Income First, we need to calculate Yoko's total income. She earns $125 from babysitting and 55 f ro mba gg in gg rocer i es . S o , h er t o t a l in co m e i s : 125 + 55 = 180 $
Calculate Total Expenses Next, we need to calculate Yoko's total expenses. She spends $25 on snacks, $10 on , $25 on transportation, and 35 o n c l o t hin g . S o , h er t o t a l e x p e n ses a re : 25 + 10 + 25 + 35 = 95 $
Calculate Savings Now, we subtract Yoko's total expenses from her total income to find out how much money she has left for savings: 180 − 95 = 85
Final Answer Therefore, Yoko has 85 dollars left over for her savings each month.
Examples
Understanding how to budget and save money is a crucial life skill. For example, if you're planning a trip, you can use a similar budget to track your income (allowance, earnings from a part-time job) and expenses (transportation, food, activities). By carefully managing your budget, you can ensure you have enough money to cover your expenses and reach your savings goals, like Yoko saving for her bicycle!
