Question

Each month Mary and Brad Johnson have lengthy discussions about their household spending.They do not understand why they are continually short of money even though they both have good salaries. What actions might be taken to assist them in their finances?

Please help me in your own words

Answer 1

They should save around 25% of their paycheck every week (assuming they get paid every week) and never touch it. Let's say they get paid $100 per week. If they save 25%, they'd have to take away 25 dollars from their paycheck and survive the rest of next week on $75. After 7 weeks, they would have $175 dollars. And it would just keep multiplying.

Step-by-step explanation: