Question

Your paycheck each week is $500.00. If you want to save $2000 in one year, how much should you set aside from each paycheck?

Answer 1

There are 52 weeks in a year. In order to figure out how much you have to save each week to save a total of $2000, you have to divide $2000 by 52.

2000÷52= 38.462

So to save $2000 you would have to set aside about $38.50 each week.