`; return; } // Habit-building recommendations based on financial goal var habitMessage = ''; var savingsTarget = 0; if (financialGoal === 'saving') { savingsTarget = disposableIncome * 0.2; // Save 20% of disposable income as a goal habitMessage = `

Goal: Build an Emergency Fund.

Currently, you're saving $${currentSavings.toFixed(2)} per month. To build an emergency fund, aim to save at least $${savingsTarget.toFixed(2)} each month (20% of your disposable income).

We recommend setting up automatic transfers to your savings account every month to ensure consistency.

Tip: Aim for 3-6 months' worth of expenses in your emergency fund, which would be approximately $${(monthlyExpenses * 3).toFixed(2)} - $${(monthlyExpenses * 6).toFixed(2)}.

`; } else if (financialGoal === 'budgeting') { var needs = monthlyIncome * 0.5; var wants = monthlyIncome * 0.3; var savings = monthlyIncome * 0.2; habitMessage = `

Goal: Create and Stick to a Budget.

Your monthly income is $${monthlyIncome.toFixed(2)} and your expenses are $${monthlyExpenses.toFixed(2)}. You have $${disposableIncome.toFixed(2)} in disposable income each month.

We recommend following the 50/30/20 rule:

• 50% for Needs (housing, food, utilities): $${needs.toFixed(2)}
• 30% for Wants (entertainment, dining out): $${wants.toFixed(2)}
• 20% for Savings/Debt Repayment: $${savings.toFixed(2)}

Track your spending closely and adjust your expenses to fit within these guidelines.

`; } else if (financialGoal === 'debt') { var debtRepaymentTarget = disposableIncome * 0.3; // Allocate 30% of disposable income to debt repayment var debtRepaymentMonths = Math.ceil(debtAmount / debtRepaymentTarget); habitMessage = `

Goal: Pay Off Debt.

You have a total debt of $${debtAmount.toFixed(2)}. To reduce your debt effectively, aim to allocate at least $${debtRepaymentTarget.toFixed(2)} per month (30% of your disposable income) towards debt repayment.

At this rate, you can be debt-free in approximately ${debtRepaymentMonths} months.

We recommend using the debt snowball method (starting with the smallest debt first) or the debt avalanche method (paying off high-interest debt first).

`; } else if (financialGoal === 'investing') { var investableIncome = disposableIncome * 0.2; habitMessage = `

Goal: Start or Increase Investing.

You've set an investment goal of $${investmentGoal.toFixed(2)} per month. To achieve this, aim to allocate at least $${investableIncome.toFixed(2)} (20% of your disposable income) towards investments.

We recommend automating your investments and focusing on low-cost, diversified options like index funds.

`; } // Display results result.innerHTML = habitMessage; });