Jillian is a high school student who typically earns $275 every two weeks at her part-time job. She is responsible for paying her own cell phone bill, gas when she drives her mom’s car, and costs of going out with friends. She wants to set a low balance alert. What amount probably makes the most sense for Jillian?

$ 50

Explanation:

Low balance alert is a reminder that you can personally create after your saving fell down to a certain amount. You can use this to 'trigger' a financial defense response that can be solved by either reducing your expense until your next paycheck come or by finding another job.

Jillian is earning around $ 550 /month.

Meaning that having $ 5,000 or $ 500 in the bank would't be considered as a low balance for her. Especially since she's still a high school student. $5 is too low for a balance alert. There's not much she can do with that amount of money.

That leave us with $50 dollar as the best option for her low balance amount.

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