Do the Jones’s have a surplus or a deficit? If they have a surplus, suggest how they can use the extra money. Explain why it is important to have 3 to 6 months’ salary saved for an emergency fund.
Rhonda Jones and her husband have a combined annual income of $50,000 after taxes. Their mortgage payment is $1,284 per month. Their average utilities payment per month is $403. The groceries and food expenses average $506 per month. They have a car payment of $402 a month. Their medical insurance is $198 per month. Gas […]