Question

jillian is a high school student who typically earns $275 every two weeks at her part-time job. she is responsible for paying her own cell phone bill, gas when she drives her mom’s car, and costs of going out with friends. she wants to set a low balance alert. what amount probably makes the most sense for jillian?

Answer 1

Setting a low balance alert of $50 will make good sense as coping with such amount is very probable, it allows her to carry out her responsibilities while also having a good chance of saving a reasonable amount.

Bi-weekly earning = $275

Expenses include :

• Cell phone bill, Fuel and entertainment.

A low balance alert, refers to a reminder which is used to inform an account holder that the amount in his or her is getting low.

Evaluating the options given :

• Her earning isn't up to $5000, hence, a low balance alert of $5000 does not make sense.

• A low balance of $500 also seems high as it does not agree with her expenses.

• A low balance alert of $5 seems too low as she will struggle to make substantial saving.

Therefore, an alert of $50 makes the most sense as she would be able to cope with her spending and also save up a meaningful portion of her earning.

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