For the following situation find the average monthly expense

Last updated: 10/30/2023

For the following situation find the average monthly expense that you would use in budgeting for the given expense Note Annual means once a year and semiannual means twice a year You own your own home and pay 1600 annually in homeowners insurance 2500 semiannually in property tax and 850 monthly in mortgage house loan payments In addition just to be safe you decide to set aside 1760 per year for unexpected expenses for example water heater replacement sewer clean out or roof repair The average monthly expense that you would use in budgeting is