1. Which expenses must be covered regardless of income? 2. What is the total for these expenses that must be covered?
3. How much is three to six months' worth of these expenses?

Your realized income is $3,568.35/month.

1. How much do you have in discretionary monies each month?
2. Your goal is to save enough over the next 12 months to have an emergency fund
for 3 months. How much must you save each month to reach your goal?
3. What percentage of your discretionary monies is the answer from Problem 2?