Alexa has finished her culinary training program and is now working full-time as a chef in a hotel resort restaurant. she has tripled her salary from when she was working part-time to pay her expenses through school. how should this increased income affect her budget? make comparisons with her previous budget and her current budget.

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07-09-2022
Business

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Alexa has finished her culinary training program and is now working full-time as a chef in a hotel resort restaurant. she has tripled her salary from when she was working part-time to pay her expenses through school. how should this increased income affect her budget? make comparisons with her previous budget and her current budget.

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smecloudbird18 smecloudbird18 · Answer 1 · 2022-09-18T08:21:22-04:00

Alexa is earning quite a bit more money than she was previously. This would be a good time for her to re-evaluate her budget. Part of the extra money she is making could be put in her savings account. A savings account is a basic account type that allows you to put money into a bank safely.

It protects your money's safety and accessibility whenever you need it. You can withdraw your funds at any moment, either digitally or in person. Savings accounts have three disadvantages: minimum balance limitations, lower interest rates than other accounts/investments, and federal prohibitions on saving withdrawal.

To learn more about account, click here.

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