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Run the monthly plan numbers

Exercise and reference answers

Questions
  1. Answer
    3100
    Question
    Take home pay of $2,000 and $1,000, plus $100 of self employment income. Total net income in dollars?
  2. Answer
    3165
    Question
    Past expenses were $3,115. Two new savings lines of $25 each are added. New total expenses in dollars?
  3. Answer
    65
    Question
    Net income $3,100, planned expenses $3,165. How many dollars short is the plan?
  4. Answer
    150
    Question
    Rent is $600 a month. Quick weekly estimate, dividing the monthly amount by four, in dollars?
  5. Answer
    50
    Question
    A bill of $600 is paid once a year. Monthly amount for the plan, in dollars?
Instructions
Work out each amount and key the number in on the pad.

Explanation

_Source: FDIC Money Smart for Adults (September 2018), Module 4: Your Spending and Saving Plan, section Try It: Making a Spending and Saving Plan_
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