PLEASE HELP PLEASE .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? I'm getting confused because I know that fixed expenses are expenses that don't constantly change. So I don't know whether to include groceries and clothing... or add up everything EXPECT weekly dinner and clothing

Question

Mathematics

sharphead

Jun 12, 2020, 5:12:10 AM

12

PLEASE HELP PLEASE .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? I'm getting confused because I know that fixed expenses are expenses that don't constantly change. So I don't know whether to include groceries and clothing... or add up everything EXPECT weekly dinner and clothing

+1

(1) Answers

Answer 1 · 2020-06-12T14:37:51+03:00

Fixed expenses include Mortage, cell phone, water and electric, property taxes and car insurance.Total amount of those amount Discretionary is all the rest. Add that up, take 25% of it and you have your savings deposit.