Jose only car not payment of $436 and a credit card payment of $50 every month. What is the minimum amount of money he must take home every month to avoid being in danger of credit overload

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12-08-2022
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Jose only car not payment of $436 and a credit card payment of $50 every month. What is the minimum amount of money he must take home every month to avoid being in danger of credit overload

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-08-16T18:10:30+02:00

The minimum amount of money he must take home every month to avoid being in danger of credit overload is $2430. This is further explained below.

What is the minimum amount of money he must take home every month to avoid being in danger of credit overload?

Generally, The information provided in the question indicates that Jose's monthly expenditures total at least $486 ($436 for the payment on the auto loan and $50 for the monthly payment on the credit card). It is important to include certain additional costs relating to the residence, such as food, which when added together result in $2430; hence, it is the response that is right.

In conclusion, The bare minimum amount of cash that he needs to bring home each month in order to minimize the risk of having an excessive amount of debt is $2,430.