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To calculate the monthly budget for the expenses provided, we need to sum the total annual expenses and then divide that by 12 to get the amount to be budgeted monthly.

The annual expenses are as follows:
- Car Registration: $80.00
- Car Insurance: $500.00
- Home Insurance: $920.00

Now, let's calculate the total annual expenses:

\[
\text{Total Annual Expenses} = 80 + 500 + 920 = 1500
\]

Next, divide by 12 to get the monthly budget:

\[
\text{Monthly Budget} = \frac{1500}{12} = 125.00
\]

So, you should budget **$125.00 per month** for these expenses.

Would you like further details or have any questions?

Here are 5 related questions:
1. How would the monthly budget change if the car insurance was increased by $100 annually?
2. If you added an additional annual expense of $600 for maintenance, what would the new monthly budget be?
3. How can this method be applied to budgeting for other irregular annual expenses?
4. What is the difference between prorating annual expenses and paying them in full when they occur?
5. How might seasonal expenses impact your monthly budgeting plan?

**Tip:** It's always a good practice to overestimate slightly when budgeting for expenses to cover unexpected increases.

To prorate the annual costs into a monthly budget, how much money per month should be budgeted to account for all of these expenses: Car Registration $80.00, Car Insurance $500.00, Home Insurance $920.00?

Learn how to prorate annual expenses such as car registration, car insurance, and home insurance into a monthly budget. This example calculates a monthly budget based on annual expenses of $80.00, $500.00, and $920.00, ideal for students in Grades 6-8.

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