tristan has found a good job as a bookkeeping clerk after finishing his associates degree at the local…

tristan has found a good job as a bookkeeping clerk after finishing his associates degree at the local community college. he is making a beginning annual salary of $19,760. how can this increased income affect his financial decisions? compare his previous budget when he worked part time while finishing his degree with his current budget after getting a full time job. monthly budget | | previous budget | current budget | income | | | | wages | $786 | $1646 | expenses | | | | rent | $300 | $600 | utilities | $60 | $120 | groceries | $130 | $200 | savings | $120 | $350 | car expenses | $150 | $150 | entertainment | $20 | $120 | net income | $6 | $106 | a. tristan is spending too much money on groceries and entertainment.

tristan has found a good job as a bookkeeping clerk after finishing his associates degree at the local community college. he is making a beginning annual salary of $19,760. how can this increased income affect his financial decisions? compare his previous budget when he worked part time while finishing his degree with his current budget after getting a full time job. monthly budget | | previous budget | current budget | income | | | | wages | $786 | $1646 | expenses | | | | rent | $300 | $600 | utilities | $60 | $120 | groceries | $130 | $200 | savings | $120 | $350 | car expenses | $150 | $150 | entertainment | $20 | $120 | net income | $6 | $106 | a. tristan is spending too much money on groceries and entertainment.

Answer

Brief Explanations:

Comparing the budgets, Tristan's income has increased from $786 to $1646 monthly. His expenses have also gone up across most categories like rent, utilities, groceries, savings, and entertainment. However, there is no indication that he is spending too much on groceries and entertainment as his net - income has also increased from $6 to $106. He can make more long - term financial decisions like planning for larger purchases or better retirement savings due to the higher income and net - income.

Answer:

Tristan's increased income allows for more spending in various categories and a higher net - income, enabling better long - term financial planning.