Lisa has a net spendable income of $1,700. She must pay at least $100 per month to pay off her debts. However, she puts together the following budget for her main expense categories.

Housing $510

Food $204

Transportation $255

Insurance $51

Debts $262

Entertainment $85

Clothing $85

Savings $85

Medical $68

Miscellaneous $85

How is she able to pay so much money on her debts?

Question

Mathematics

Skittles

27 November, 20:36

Lisa has a net spendable income of $1,700. She must pay at least $100 per month to pay off her debts. However, she puts together the following budget for her main expense categories.

Housing $510

Food $204

Transportation $255

Insurance $51

Debts $262

Entertainment $85

Clothing $85

Savings $85

Medical $68

Miscellaneous $85

How is she able to pay so much money on her debts?

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Answers (1)

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Camilla Sheppard · Answer 1

Adding up all the main expense categories she had listed will give us an answer of $1690. This means that she will be short of at least $90 per month and will be unable to pay off her debts. In order to pay her debts, she can lessen her miscellaneous expenses, food expenses, entertainment, clothing, and other adjustable expenses.