Subjects personal finance

Budget Donation B0E3E5

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1. **State the problem:** Melanie wants to add a $3.00 charity donation to her weekly budget. 2. **Analyze current budget:** - Income: $10.00 (watering) + $7.00 (chores) = $17.00 total income. - Expenses: $7.00 (college savings) + $3.00 (snacks) + $7.00 (entertainment) = $17.00 total expenses. 3. **Goal:** Add $3.00 charity donation without exceeding income. 4. **Check each option:** - Option 1: Reduce college savings to $6.00 and entertainment to $6.00. New expenses: $6.00 + $3.00 + $6.00 = $15.00 plus $3.00 charity = $18.00 total expenses. $18.00 > $17.00 income, so this option is not feasible. - Option 2: Reduce snacks to $2.00 and entertainment to $5.00. New expenses: $7.00 (college savings) + $2.00 + $5.00 = $14.00 plus $3.00 charity = $17.00 total expenses. $17.00 = $17.00 income, so this option is feasible. - Option 3: Ask neighbors for $12.00 for watering plants. New income: $12.00 + $7.00 = $19.00 (incorrect, original watering was $10.00, so this is $12.00 total, not plus $7.00) Actually, income would be $12.00 (watering) + $7.00 (chores) = $19.00. Expenses remain $17.00 + $3.00 = $20.00, so still short by $1.00. So this option is not sufficient. - Option 4: No action needed. Expenses would be $17.00 + $3.00 = $20.00, which exceeds income. So this is not feasible. 5. **Conclusion:** Only option 2 allows Melanie to include the $3.00 charity donation without exceeding her income. **Final answer:** Reduce snacks to $2.00 and reduce her entertainment expense to $5.00.