Theresa has recently graduated from college and is trying to determine how much she can afford to save each month for retirement. She would prefer to set up a retirement account with a local broker, so a budget is crucial to achieving this goal. She has secured a job at a small firm where she will take home $2,550 after taxes. She has the opportunity to work at a local bookstore on the weekends for 8 hours per month where she will earn $13 per hour after taxes. Her monthly expenses include the following: Rent (including utilities), $800; Phone, $90; Internet, $67; Car Payment, $318; Car Insurance, $28; Groceries and Household Supplies, $478; Personal Loan, $127; and Student Loans, $630. Using zero-based budgeting, how much could Theresa afford to save for retirement if she decides to work at both the full-time job as well as working 8 hours part-time on the weekends at the café?

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The Answer of Theresa has recently graduated from college and is trying to determine how much she can afford to save each month for retirement. She would prefer to set up a retirement account with a local broker, so a budget is crucial to achieving this goal. She has secured a job at a small firm where she will take home $2,550 after taxes. She has the opportunity to work at a local bookstore on the weekends for 8 hours per month where she will earn $13 per hour after taxes. Her monthly expenses include the following: Rent (including utilities), $800; Phone, $90; Internet, $67; Car Payment, $318; Car Insurance, $28; Groceries and Household Supplies, $478; Personal Loan, $127; and Student Loans, $630. Using zero-based budgeting, how much could Theresa afford to save for retirement if she decides to work at both the full-time job as well as working 8 hours part-time on the weekends at the café?

Theresa Has Recently Graduated from College and Is Trying to Determine