Throughout your life, you will need to adapt your budget to respond to changes in your income and expenses. Now, it is time to practice making changes to a budget.
4. Change your previous budget to reflect these new factors. (10 points)
• Your school announced that you will not have to pay for a bus pass to get to classes, because a new school program will cover this expense for all students.
• You just found out that your books will cost more than you had expected. You will now need to spend an additional $100 on books in October.
• You got an unexpected raise at work; you will now be making $650 each month.
• Make sure that you are still meeting your overall goal of saving $100 by the end of October.