Veronica and Jasmine are twin sisters. They recently bought a townhouse together because they knew that they couldn’t afford to buy one on their own. They live in a small community where cost of living is less, but so are incomes. Veronica works as a hair stylist and makes about $800.00 a week and Jasmine is a store manager and brings home just a bit more, $900.00 a week. There mortgage payment is $950.00 a month and utilities, phone, cable and internet cost an addition $600.00. Their grocery bill is approximately $600.00 a month because both girls enjoy entertaining and having friends over. Veronica is paying off her student loan from hair stylist school and that costs an additional $156.00 per month. Their car payments are $800.00 per month and their gas is only $150.00 as everything is located so close together. They are hoping to go to Cuba with some friends for a week in November. The cost of the trip is $685.00 each. November is four months away. Will they be able to save enough in time?

Veronica and Jasmine are twin sisters. They recently bought a townhouse together because they knew that they couldn’t afford to buy one on their own. They live in a small community where cost of living is less, but so are incomes. Veronica works as a hair stylist and makes about $800.00 a week and Jasmine is a store manager and brings home just a bit more, $900.00 a week. There mortgage payment is $950.00 a month and utilities, phone, cable and internet cost an addition $600.00. Their grocery bill is approximately $600.00 a month because both girls enjoy entertaining and having friends over. Veronica is paying off her student loan from hair stylist school and that costs an additional $156.00 per month. Their car payments are $800.00 per month and their gas is only $150.00 as everything is located so close together. They are hoping to go to Cuba with some friends for a week in November. The cost of the trip is $685.00 each. November is four months away. Will they be able to save enough in time?

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter8: Vehicle And Other Major Purchases

Section: Chapter Questions

Problem 1FPC

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