Question

2. Assume that you have a monthly take-home income of $2,600 per month. Your rent is $1520 per month. You

utilities (water/sewer/trash) are $50 per month. Your gas/electric is $50 per month. Your car payment is $340 an
car insurance is $250 per month. How much do you have left after these fixed expenses to spend on discretionar-
items?

Answer 1

390

If you add your monthly expenses

1520+50+50+340+250 = 2210

and then you subtract that from your monthly pay

2600-2210 =390

then you're left with 390