Carlos allotted a special saving for his son's college to his budget. His monthly income is \( \$ 5,000 \). The savings fund is \( 15 \% \) of his salary. What statement is true? A Carlos will save \( \$ 700 \) each month. B Carlos son will have enough money for college. C Carlos will save \( \$ 750 \) each month.

Carlos will save \( \$ 750 \) each month. Since \( 15\% \) of \( \$ 5,000 \) is calculated as \( 0.15 \times 5000 = 750 \), option C is the correct statement. For any parent, budgeting for college can seem daunting, but starting early and consistently saving can make a tremendous difference. By setting aside a percentage of his income each month, Carlos is taking an essential step in ensuring financial stability for his son's education. If you're looking to enhance your savings strategy, consider using a high-yield savings account or looking into college savings plans like a 529 plan. These options not only help grow your funds faster but also offer potential tax benefits, making your hard-earned money work even harder for your child's future!