Question

Mindy makes $3400 a month. She spends 30% of her money on her house payment, 20% on food costs, 25% on her car note, 10% on other bills, and the rest is spending money. How much spending money should she have?

Answer 1

Mindy should have 15% of her income as spending money. To calculate the amount, multiply her monthly income by 15% (0.15).

3400 x 0.15 = 510