Fred’s net monthly income is $3933.12 Rental: $700 Car Payment: $363.75 Car Insurance: $46.16 Life Insurance: $8793.75 Savings: (Fred wants to save 5% of his monthly income.) Fred estimates that she will need: $100 a month for electricity $240 a month for food $60 a month for cable and Internet $100 a month to rent furniture $75 a month for phone $100 a month for gas used for heating $100 a month for car expenses (gas and incidentals) $70 a month for entertainment $50 a month for clothing What is Fred's total monthly expenses?
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Add up these expenses. What do you get? We'll be glad to check your answer.
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