2. Planning for an Investment Program. Assume you are 29 years old, your take-home pay totals $2,400 a month, your monthly living expenses total $1,400, your monthly car payment is $400, and your credit card debts total $5,000. Using the information presented in this chapter, develop a three-part plan to ( a ) reduce your monthly expense, ( b ) establish an emergency fund, and

( c ) save $5,000 to establish an investment program. (Obj. 1)