Samir's gym membership is $ 300 $300dollar sign, 300 a year. He recently renewed his membership, but wants to budget for his next renewal. He plans on saving equal amounts each month. He has 10 1010 months until his membership is due again.
How much money will Samir need to save each month?
Samir wants to save equal amounts each month for 10 months to cover his gym membership cost of $300.
To find out how much he needs to save each month, we divide the total cost by the number of months:
$300 / 10 = $<<300/10=30>>30
Samir will need to save $30 each month.
A
$
10
$10dollar sign, 10 pack of juice boxes contains
24
2424 individual juice bottles.
What is the cost per bottle?
Round your answer to the nearest whole cent.
To find the cost per bottle, we divide the total cost by the total number of bottles:
$10 ÷ 24 = $0.4166667
Rounding this to the nearest whole cent, the cost per bottle is $0.42.
Randy's wife always looks at countertop mixers but has never bought one. For their next anniversary, he would like to surprise her with one. The mixer she likes was
$
132
$132dollar sign, 132. Randy plans on putting aside the same amount of money every month to make it more affordable. He has one year until their next anniversary.
How much money will Randy need to save each month?
Randy wants to save the same amount of money each month for one year to afford the mixer that costs $132.
To find out how much money Randy needs to save each month, we divide the total cost by the number of months:
$132 ÷ 12 = $11
Randy will need to save $11 each month.
How much should you save in your emergency fund savings, according to most financial experts?
20% of income
at least three months of essential expenses
1000
According to most financial experts, it is recommended to have an emergency fund that covers at least three months of essential expenses. This means having enough savings to cover your basic living expenses such as rent/mortgage, utilities, food, and transportation for a period of three months in case of unexpected financial emergencies.
The recommended amount to save can vary depending on individual circumstances, but having three months of essential expenses is a commonly suggested guideline.