Question
Expense Amount Mortgage (monthly) $985.64 Cell phone (monthly) $58.30 Groceries (twice a month) $154.00 Clothing (monthly with 25% jobrelated) $180.00 Water & electric (monthly) $128.40
| Expense | Amount |
|---|---|
| Mortgage (monthly) | $985.64 |
| Cell phone (monthly) | $58.30 |
| Groceries (twice a month) | $154.00 |
| Clothing (monthly with 25% jobrelated) | $180.00 |
| Water & electric (monthly) | $128.40 |
| Weekly dinner & movie | $55.00 |
| Property taxes (6 months) | $684.80 |
| Car insurance (quarterly) | $330.00 |
Your realized income is $2,943.20/month.
How much are your fixed expenses each month?
How much could you save per month if you take 25% of your discretionary monies and put it in a savings account? Be sure to include in your response: the answer to the original question the mathematical steps for solving the problem demonstrating mathematical reasoning
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Money Management And Financial Budgeting 2 Books In 1 A Beginners Guide On Managing Bad Credit Debt Savings And Personal Finance
Authors: Robert Anderson
1st Edition
1386959006, 978-1386959007
