Suppose Tim is a single full time worker, earning $75000 per year. He has a government bonds which return $1300 a month. He rents his

Question

98 users unlocked this solution today!

Suppose Tim is a single full time worker, earning $75000 per year. He has a government bonds which return $1300 a month. He rents his apartment for $210 a week, with a monthly electricity bill of $600, quarterly Gas bill of $1500. His service provider charges him $100 a month for internet and his mobile phone each. Every week he buys his groceries spending on average $500. His gym subscription costs him $20 a week. His hobby of collecting vintage records sees him spending about $200 every 2 weeks, and he spends about $200 on clothes and shoes a month. He buys lunch 5 times a week at around $20 each. And uses $40 weekly for public transport. What is his savings