Andrea wants to build an emergency fund of $ 2 , 340 $2,340dollar sign, 2, comma, 340 over the next year. She wants to save the minimum amount from each of her bi-weekly paychecks.

Question

Create a visually appealing image that contains a piggy bank, a calculator and a calendar marking bi-weekly intervals. Save a place on the calendar to indicate Andrea's savings goal without showing any text. The piggy bank should represent her consistent savings behavior while the calculator symbolizes her planning for meeting the financial goal.

Andrea wants to build an emergency fund of $ 2 , 340 $2,340dollar sign, 2, comma, 340 over the next year. She wants to save the minimum amount from each of her bi-weekly paychecks.

If Andrea saves the same amount each paycheck, how much does she need to save in order to meet her goal?

Answer 1

There are 52 weeks in a year, so Andrea will receive 26 paychecks over the next year (if she is paid bi-weekly).

To meet her goal of $2,340, she needs to save $2,340 / 26 = $<<2340/26=90>>90 from each paycheck. Answer: \boxed{90}.

Answer 2

To determine how much Andrea needs to save in order to meet her goal, we need to know the total number of paychecks she receives in a year. Can you provide the number of paychecks Andrea receives in a year?

Answer 3

To determine how much Andrea needs to save from each bi-weekly paycheck, we need to divide her total savings goal of $2,340 by the number of paychecks she will receive in a year.

There are 52 weeks in a year, and since Andrea is paid bi-weekly, she will receive 26 paychecks in total. Therefore, to find the amount she needs to save from each paycheck, we divide her total savings goal by 26.

$2,340 ÷ 26 = $90

So, Andrea needs to save $90 from each bi-weekly paycheck in order to meet her goal of building an emergency fund of $2,340 over the next year.