Question
Tai, age 35, recently purchased a new home. The purchase price was $470,000 and his monthly mortgage payment is $2.180. Property tax is $2,175
Tai, age 35, recently purchased a new home. The purchase price was $470,000 and his monthly mortgage payment is $2.180. Property tax is $2,175 annually and water tax is $380 annually. Tai spends around $240 per monith on utifities, 24 per month for his gym membership, about $150 per week on groceries, and another $80 per week eating out at restaurants. His cell phone costs thm about $89 per month and he spends $50 per week on gas. Based on this information, approximately how much should Tai set aside in an emergency savings fund? $6,000 to $11,500 $65 Oa) Ob) $12.000 to $24,000 $25,000 to $50,000 Od) $50,000 to $100.000 18888
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Personal Financial Planning
Authors: Lewis J. Altfest
2nd edition
1259277186, 978-1259277184
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