Answer:
To calculate the fixed expenses each month, we need to add up all the monthly expenses:
Mortgage: $985.64
Cell phone: $58.30
Groceries: $154.00 x 2 = $308.00
Clothing (with 25% job-related): $180.00
Water & electric: $128.40
Weekly dinner & movie: $55.00 x 4 = $220.00
Total monthly fixed expenses: $1,880.34
To calculate how much could be saved per month, we need to first calculate the discretionary income:
Realized income: $2,943.20
Fixed expenses: $1,880.34
Discretionary income: $2,943.20 - $1,880.34 = $1,062.86
25% of discretionary income: 0.25 x $1,062.86 = $265.72
Therefore, the amount that could be saved per month by putting 25% of the discretionary income in a savings account is $265.72.