Question

chloe
elementary school teacher
(full - time)
age 29
family married
(1 kid)
goal: chloe would like to re - model her master bathroom
chloe would like to get a new toilet, flooring, sink and paint. shes estimated the job will cost $6,000. if she and her husband decide to save their \available funds\ every month, how many months will it take until she can do it?
monthly budget
income
teachers salary $2450
husbands salary $1800
expenses
housing $1250
transportation $550
cell phone $130
groceries $680
utilities $250
loans (credit cards, student loan) $400
childcare $650
savings $200
available funds ??????

Explanation:

Step1: Calculate total monthly income

$2450 + 1800=4250$

Step2: Calculate total monthly expenses

$1250+550 + 130+680+250+400+650+200 = 4110$

Step3: Calculate available funds per month

$4250 - 4110=140$

Step4: Calculate number of months needed

$6000\div140=\frac{6000}{140}=\frac{300}{7}\approx42.86$

Since we need whole - number of months, we round up to 43 months.

Answer:

43 months