1. You are a lucky college graduate with the generous new salary of $4,700 a month. You estimate you will be paying about 20% toward taxes. Given this, if you wanted to save according to the 90-10...

1. You are a lucky college graduate with the generous new salary of $4,700 a month. You estimate you will be paying about 20% toward taxes. Given this, if you wanted to save according to the 90-10 rule, how much should you be putting into savings each month?

2. You are starting a brand new job with an annual salary of $70,000. One third (33%) will go toward taxes (state, local, federal, and Social Security). Following the 90-10 rule, what is the most you should budget for monthly living expenses?