Julia brings home $2 comma 200 per month after taxes. Julia's rent is $806 per month, her utilities are $136 per month, and her car payment is $277 per month. Julia is currently paying $196 per month to her orthodontist for her braces. If Julia's groceries cost $66 per week and she estimates her other expenses to be $204 per month, how much will she have left each month to put toward savings to reach her financial goals?

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Business

Hudson Melton

2 June, 21:48

Julia brings home $2 comma 200 per month after taxes. Julia's rent is $806 per month, her utilities are $136 per month, and her car payment is $277 per month. Julia is currently paying $196 per month to her orthodontist for her braces. If Julia's groceries cost $66 per week and she estimates her other expenses to be $204 per month, how much will she have left each month to put toward savings to reach her financial goals?

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Answers (1)

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Tristin Hood · Answer 1

The amount left for Julia to save after all expenses have deducted from her take-home (disposable income) is $317 as shown below.

Explanation:

The amount that Julia can save is the amount left of her disposable income when all expenses are taken care of.

The amount that could be saved is computed thus:

Take-home amount $2,200

Rent ($806)

Utilities ($136)

Car payment ($277)

Orthodontist payment ($196)

Groceries ($66*4 weeks) ($264)

Other expenses ($204)

Savings $317