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Wednesday, February 8, 2012   
Household Math™: Holiday Spending
by Scott Bilker
Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about Scott Bilker and DebtSmart can be found in the online media kit.
 
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Test your knowledge by trying to solve this DebtSmart, Household Math™ problem! After you complete the problem, you’ll get the solution and explanation.
 
1.

Kim has decided to spend an average of $16 for gifts on each of her eight friends for the holidays. So far she's spent $17 on Scott, $14 on Ralph, $12 on Linda, $22 on Pete, $11 on Gary, and $20 on Grady. How much can she spend, on average, on her remaining two friends Mark and Tom?
$16
$20
$24
$28
I don't know!



 
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