Question

Benito’s family is thinking of relocating from Los Angeles to Oakland to save money. They set up a budget comparing the cost of living for both cities.
How much money will they save monthly by the move to Oakland?

Total monthly saving = $1,315 ### What are savings? Saving is the portion of income not spent on current expenditures. In other words, it is the money set aside for future use and not spent immediately. Given: Oakland Los Angeles Cost Housing$565        $1200 Food$545        $655 Health Care$245        $495 Taxes$450         $625 Other Necessities$350        $495 Now, Saving in house =$1200 – $565 =$635
= $655 –$545
= $110 Saving in health care =$495 – $245 =$250
= $625 –$450
= $175 Saving in necessities =$495 – $350 =$145
Total saving = $635+$110+$250+$175+$145 =$1,315
Hence, the monthly savings should be $1,315. Learn more about this concept here: #SPJ1 The complete question is Benito’s family is thinking of relocating from Los Angeles to Oakland to save money. They set up a budget comparing the cost of living for both cities. Oakland Los Angeles Budget Item Cost Cost Housing$565 $1200 Food$545 $655 Health Care$245 $495 Taxes$450 $625 Other Necessities$350 $495 Monthly Total How much money will they save monthly by the move to Oakland?$1315 $1560$1665 \$1765?