BRANDONHICKS713
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Joey has a part-time job at the coffee house. It pays $500 per month. His acting job pays him $450 per month. He receives $6,600 per year from his parents. Joey’s rent is $450 per month. He spends $50 on groceries per week. His acting classes cost $3600 every 6 months . Insurance costs $100 per week
(assume 1 month = 4 weeks).

Find the net monthly cash flow

Answer :

ChopinTheChicken

Hey there! I'm happy to help!

The net monthly cash flow is basically how much money he makes minus all off the bills and other stuff he does. Let's get all of our numbers below in terms of how much it is in a month.

Coffee Job: $500

Acting Job: $450

Parent Money: $550           ($6,600/12)

Rent: -$450

Groceries: -$200

Acting Classes: -$600             (3600/6)

Insurance: -$400

Now, we combine it all together

500+450+550-450-200-600-400= -150

Therefore, Joey's net monthly cash flow is -$150. Basically, he is spending more than he has. Not a good idea!

I hope that this helps! Have a wonderful idea!

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