Alfred likes to save $1,000.00 over 12 months for his Christmas shopping. He has $100.00 left over from last year's holiday to put towards this year's goal. How much money does Alfred now need to save each month in order to reach his goal in 12 months? Let's think first. Chain of thought:
He wants to save $1,000.00 and he has $100.00 left over so he still needs to save 1000 - 100 = $900.00. He wants to save $900.00 over 12 months so that means he needs to save 900 / 12 = $75.00 per month.
Therefore, the answer is 75.