Question

1. lets say you have a part - time job and youre able to save $100 per month from your paychecks. how would you distribute the money between your 3 savings goals above? explain your reasoning.

Explanation:

The distribution would depend on the urgency and importance of each savings goal. For example, if one goal is for an upcoming essential expense (like a medical bill), more money could be allocated to it. If one is a long - term goal like retirement and the others are short - term (e.g., buying a new phone), a smaller but consistent amount could go to retirement while more is saved for the short - term goals first. A possible distribution could be 40% to the most urgent goal, 30% to the second most urgent, and 30% to the least urgent, but this is highly subjective.

Answer:

There is no single correct way to distribute the $100. One possible distribution could be $40 to the most urgent savings goal, $30 to the second most urgent, and $30 to the least urgent, but it depends on personal priorities.