Run the monthly plan numbers
Exercise and reference answers
- Questions
- Answer
- 3100
- Question
- Take home pay of $2,000 and $1,000, plus $100 of self employment income. Total net income in dollars?
- Answer
- 3165
- Question
- Past expenses were $3,115. Two new savings lines of $25 each are added. New total expenses in dollars?
- Answer
- 65
- Question
- Net income $3,100, planned expenses $3,165. How many dollars short is the plan?
- Answer
- 150
- Question
- Rent is $600 a month. Quick weekly estimate, dividing the monthly amount by four, in dollars?
- 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_