Question

You have $3000 per month to cover your expenses. You estimate your monthly costs to be rent of $1200, car expenses of $700, utilities of $200, insurance of $300, food of $400, student loans of $800, and going out with friends of $200. What is the end result? *

Answer 1

Answer:

with the student loans you will be over 800

Explanation:

so if you subtract all of that from 3000 you will be in negatives by -800 each month

Answer 2

You have $3000 per month to cover your expenses. The end result is  budget deficit of $800.

What is budget deficit?

Expenses perf month $3000 per month

Less Rent  $1200

Less Car expenses $700

Less Utilities $200

Less Insurance $300

Less  Food $400

Less Student loans  $800

Less Going out with friends $200

Budget deficit -$800

Therefore the end result is  budget deficit of $800.

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