Makayla takes home $4400 per month from her job as

Terrence Mcfarland

Terrence Mcfarland

Answered question

2022-02-10

Makayla takes home $4400 per month from her job as a physical therapist. If her only debt obligations are a car loan payment of $530 and a mortgage payment of $760 every month, is she in danger of credit overload?

Answer & Explanation

monogamab0f

monogamab0f

Beginner2022-02-11Added 9 answers

Total debt obligation is $530+$760=$1290
So available money for other things is $4400$1290=$3110
At this stage she is not going to experience credit overload.
In real life this can not be answered with confidence as it all depends on what I will call the general running expenses.
Food, travel, clothing, whatever the American equivalent of monthly house tax (in England it is called council tax), heating, power demand for cooking etc and so on.

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