Your realized income is $2,847.69/month. Your fixed expenses are 36% of your monthly income. You decide to save 40% of your discretionary monies each month. How much do you save per month?

Question

niksbhalla14mar · Answer

Income = 2847.69
Fixed Expense =0.36 x 2847.69 = 1025.16

Save @40% = 0.40 x 2847.69 = 1139.07

zpupster · Answer

Discretionary income is the amount of an individual's income that is left for spending, investing or saving after paying taxes and paying for personal necessities, 

the first equation is correct 
1025.16 x .40   =    money saved