Your realized income is 316789month and your fixed expenses

Your realized income is $3,167.89/month, and your fixed expenses are $954.32/every 2 weeks. If you save 50% of your discretionary monies each month, how much are you saving?

$550.10 month

You have a credit card with a balance of $2,856.74 at a 14.75% APR. Instead of saving the amount in the above question in a savings account, you put the amount toward reducing your debt. How much interest do you save in 1 full month?

Solution

If you have 52 weeks in a 12-month year, then your expenses monthly expenses would be:

$954.32 * 52 / (12 * 2) = $2,067.69 and your discretionary income is $1,100.20. Your 50% savings would be $550.10 per month. Actually the year has 52 weeks and a day (365 days), so your more correct answer for expenses would be $954.32 * (365 / (14*12) = $2,073.37 and you can do the rest.

As to the C/C interest savings per month: $550.10 * 0.1475/12 = $6.76.