Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. you and your friend maria are 21 years old maria j

You and your friend Maria are 21 years old Maria just started her first job...

50.1K

Verified Solution

Question

Basic Math

image

You and your friend Maria are 21 years old Maria just started her first job in construction She knows saving is important but she isn t sure where to get started Right now Maria s main goals are to build an emergency fund since she doesn t have any savings and start saving for retirement Her take home pay averages 2500 per month although it varies based on her hours and opportunities for overtime Each month she pays approximately 270 towards her student loans 900 on rent 220 on healthcare 130 on transit and 500 on food She comes to you to ask for advice on her savings plan Write your suggestions to Maria Make sure you address the following questions 1 Ideally what percentage of her income should Maria aim to save overall What savings goals are included in that percentage 2 What barriers might Maria face when trying to save more 3 What strategies would you recommend Maria use to meet her savings goals 4 What account type would be best for Maria to save for her long term goals like retirement Why

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

The video found on the learning materials page refers to beavers as a keystone species...

Statistics
1.2K views

Authors in the New England Journal of Medicine investigated a possible link between Zika virus and...

General Management
1.2K views

True or false. No explanation needed 1. The basic purpose of antitrust law is to restrict competition. ________2....

Basic Math
1.2K views

5 9 of the students in a Biology class passed a Biology test If these...

Statistics
1.2K views

approaches religion focus on how religious meaning is constructed in interaction and how religion is...

Algebra
1.2K views

4x7 7x 4x 7x Oman16 intogoro or fractions for any numbers in the

Accounting
1.2K views

find all scalars c1,c2, and c3 Current Attempt in Progress...

Accounting
1.2K views

Part 2: Problem 1 Payroll information for the...

Accounting
1.2K views

Barr Co. has total debt of $420,000 and equity of $700,000. Barr is seeking capital...

Accounting
1.2K views

[The following information applies to the questions displayed below.] Raner, Harris and Chan is a...

Accounting
1.2K views

PLEASE HELP Bramble Corporation is authorized to issue both preferred and common stock....

Accounting
1.2K views

Farmer Inc. began business on January 1, 2018. Its pretax financial income for the first...