Kyle makes $3200.00 every month. His monthly bills include $1250 for rent, $150 on utilities, $400 into retirement & savings accounts, $300.00 on groceries/eating out, $200 for insurance and $200 for miscellaneous expenses. If he’s looking at buying a car with a monthly car payment of $350 how much does that leave for gas and maintenance? Think carefully first, then make a decision:
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Kyle’s monthly bills are 1250 + 150 + 400 + 300 + 200 + 200 = $2,500.00. He makes $3200 and his bills are $2500 so that leaves 3200 - 2500 = $700.00. If he buys a car with a monthly car payment of $350 then that leaves 700 - 350 = $350.00 left over for gas and maintenance. So, the answer is 350.
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