Question

Sammy sunshine is interested in creating a monthly budget to see whether he will have enough money left over each month to start an emergency fund. His monthly income is $1,959 with $950 in fixed expenses and $588 in variable expenses. Does he have money available to start his emergency fund? If so, how much?

Answer 1

The money left over after expenses is what he would use to start his emergency fund. this is

1959 - 950 - 588 =$421

So he has money to start his fund.

He has $421