Your realized income is $36,864.00/yr. Your fixed and housing expenses are 32% and your savings are 15% of your realized income per month. How much discretionary money do you have, excluding savings, per month?

Answer 1

First, we need to calculate the monthly realized income:

$36,864.00 / 12 = $3,072.00

Next, we need to determine the fixed and housing expenses:

Fixed and housing expenses = $3,072.00 * 0.32 = $983.04

Next, we need to determine the monthly savings:

Savings = $3,072.00 * 0.15 = $460.80

Now, we can calculate the discretionary money:

Discretionary money = $3,072.00 - $983.04 - $460.80 = $1,628.16

Therefore, you have $1,628.16 of discretionary money per month, excluding savings.