Answer:
each month, you are saving 629.625
Step-by-step explanation:
Your income is 3,167.89 each month.
Every 2 weeks, your fixed expenses are 954.32.
=> Average fixed expenses for 1 week is: 954.32 / 2= 477.16
As there are 4 weeks in each month, so that your fixed expenses each month are: 477.16 x 4 = 1,908.64
Your discretionary money for each month = Your monthly income - Your monthly fixed expenses = 3,167.89 - 1,908.64 = 1,259.25
=> Your discretionary money for each month is 1,259.25
As you save 50% of discretionary money each month, so that your monthly saving can be calculated as following:
Monthly saving = Monthly discretionary money x 50%
= 1,259.25 x 50 / 100 = 629.625
So that each month, you are saving 629.625
