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
Utilities
Groceries
Savings
Car Expenses
Entertainment

$300
$60
$130
$120
$150
$20

$600
$120
$200
$350
$150
$120
Net Income
$6
$106

a.
Tristan is spending too much money on groceries and entertainment.
b.
Tristan is earning quite a bit more in his full time job. He is spending more on rent, utilities, food, and entertainment, as well as saving $350 each month.
c.
Tristan is earning double his previous wages. He should double his expenses, as well.
d.
Tristan's increased income should have no effect on his financial decisions.