Planning for an Investment Program. Assume you are 29 years old, your take-home pay totals $2,400 a month, and your monthly living expenses total $1,400. In addition to living expenses, your monthly car payment is $400, and your credit card debts total $3,500. Using the information presented in this chapter, develop a three-part plan to (a)

reduce your monthly expenses,

(b) establish an emergency fund, and

(c) save $6,000 to establish an investment program.

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