Hi guys, today I have a case to discuss and it is
the case : Angelina drives a seven-year-old car that recently needed $ 1,300 in
repairs. Each day, she drives 46 miles to and from her job. What action should
she take to decide if she should (1) keep this car, (2) buy a newer used car,
or (3) buy a new car?
Her total income is $ 2,700 monthly, consider the
following daily expenses that she has :
• Flexible expenses : $ 750
• Fixed expenses : $ 250
In my opinion, the best way that Angelina choose is repairing her car, because after I had calculated her total income is $ 2,700 per month, if we reduce with repairing expenses $ 1,300 , flexible expenses $ 750 and fixed expenses $ 250, it will be still $ 400 on her saving. So that, the next months she can appropriate the money about $ 1,700 from her total income. The $ 1,700 can be saved, invested or pay the suddenly needs. Okay guys I think only that and thank you for your attention.