To determine the best monthly budget based on the actual expenses recorded for the previous month, follow these steps:
1. Summarize the individual expenses recorded:
- Household: [tex]$1,481.10
- Medical: $[/tex]85.55
- Entertainment: [tex]$62.35
- Loans: $[/tex]326.12
- Insurance: [tex]$93.21
- Personal: $[/tex]250.12
- Miscellaneous: [tex]$78.31
2. Add up all these expenses to get the total actual expenses for the month:
\[
\text{Total expenses} = 1,481.10 + 85.55 + 62.35 + 326.12 + 93.21 + 250.12 + 78.31
\]
3. Calculate the total:
\[
\begin{align*}
\text{Total expenses} & = 1,481.10 \\
&\quad + 85.55 \\
&\quad + 62.35 \\
&\quad + 326.12 \\
&\quad + 93.21 \\
&\quad + 250.12 \\
&\quad + 78.31 \\
&= 2,376.76
\end{align*}
\]
4. Compare the calculated total monthly expenses to the budget options provided:
- Option A: \$[/tex]2,298.45
- Option B: \[tex]$2,205.24
- Option C: \$[/tex]2,376.76
- Option D: \[tex]$1,879.12
5. Identify the option that closely matches the calculated total expenses.
The calculated total expenses amount to \$[/tex]2,376.76. The budget option that closely matches this amount is:
- Option C: \[tex]$2,376.76
Therefore, the best monthly budget based on the actual expenses is Option C: \$[/tex]2,376.76.
