1. **Problem Statement:** Calculate the annual savings based on monthly savings and net monthly income. 2. **Formula:** Annual Savings = Savings per month \times 12 3. **Given:** Net monthly income = 10708.48 4. **Step 1:** Determine the monthly savings amount (not provided, so assume it is $S$). 5. **Step 2:** Calculate annual savings using the formula: $$\text{Annual Savings} = S \times 12$$ 6. **Step 3:** If you have an amount previously saved, add it to the annual savings to get total estimated savings: $$\text{Total Estimated Savings} = \text{Amount in Savings Previously} + S \times 12$$ 7. **Explanation:** To find how well your budget allows you to reach your financial goals, compare your monthly savings $S$ to your net income 10708.48. The higher the savings rate, the better your budget supports your goals. Since the exact monthly savings amount $S$ is not provided, you can plug in your actual savings to compute the annual savings. **Final answer:** $$\text{Annual Savings} = S \times 12$$ $$\text{Total Estimated Savings} = \text{Amount in Savings Previously} + S \times 12$$