Your realized income is $36,864.00/yr. Your fixed and housing expenses are 32% and your savings are 15% of your realized income per month. How much discretionary money do you have, excluding savings, per month?
First, we need to calculate the monthly realized income:
$36,864.00 / 12 = $3,072.00
Next, we need to determine the fixed and housing expenses:
Fixed and housing expenses = $3,072.00 * 0.32 = $983.04
Next, we need to determine the monthly savings:
Savings = $3,072.00 * 0.15 = $460.80
Now, we can calculate the discretionary money:
Discretionary money = $3,072.00 - $983.04 - $460.80 = $1,628.16
Therefore, you have $1,628.16 of discretionary money per month, excluding savings.