How many months to save $100,000 on a joint income of $130,000 per year. This budget is intended on dual income households to allow for a bigger savings target. Disclaimer: This is not financial advice and is for educational purposes only. #savings #budgeting #debtfree #wealthbymichael
wealthbymichael
2024-04-15 17:20:48
next opponent two is earning roughly twenty five dollars per hour sometimes this by thirty eight this gives us one thousand twenty six hours per week and accounting for our taxes this would be one hundred and seventy one dollars this leaves us with a net weekly income of eight hundred and fifty five those or monthly income of three thousand seven hundred and five dollars so their combined monthly income is going to be eight thousand eight hundred and nine dollars
would reverse four thousand four hundred and five dollars we then allocate thirty percent towards once you give us two thousand six hundred and forty three dollars and lastly for our savings we allocate twenty percent which would give us one thousand seven hundred sixty two dollars to figure out how long it would take us to save one hundred thousand dollars we first go to target divide by savings which in this case would give us fifty seven months or four point eight years
Text generated automatically and there is a chance to be inaccurate