Let \( x \) be the amount Charlie earns each month from walking the neighbor's dog. Over the last 4 months, Charlie would have saved a total of \( 4x \) from dog walking, in addition to the $20 he started with.
The total amount he saved can be expressed as:
\[ \text{Total Savings} = 20 + 4x \]
We know from the problem statement that this total is equal to $240:
\[ 20 + 4x = 240 \]
To find \( x \), we first subtract 20 from both sides of the equation:
\[ 4x = 240 - 20 \]
\[ 4x = 220 \]
Next, we divide both sides by 4:
\[ x = \frac{220}{4} \]
\[ x = 55 \]
Thus, Charlie earns $55 each month from walking his neighbor's dog.
So, the answer is:
Charlie made $ 55 each month from walking his neighbor's dog.