greg spends 1/5 of his take-home pay on his mortgage and property taxes, out of the remaining money he spends 1/4 on food and 3/8 on clothes, from the money left over after these expenses, he puts 1/6 into savings, what fractional part of his take-home pay does greg have left - solve the following problem with a picture 

Greg has \(\frac{5}{16}\) (or approximately 31.25%) of his take-home pay left after covering all his expenses and savings.

### Breakdown of Greg's Expenses:
1. **Mortgage & Taxes:** He spends \(\frac{1}{5}\) of his take-home pay.
2. **Food:** From the remaining money, he spends \(\frac{1}{4}\).
3. **Clothes:** From the remaining money after food, he spends \(\frac{3}{8}\).
4. **Savings:** From the remaining money after clothes, he puts \(\frac{1}{6}\) into savings.
5. **Leftover:** The remaining portion of his pay is \(\frac{5}{16}\).

Would you like a detailed explanation of how each step was calculated, or do you have any questions? 

### Related Questions:
1. What would happen if Greg increased his savings rate?
2. How much would he have left if his mortgage expenses increased to \(\frac{1}{4}\)?
3. How can Greg adjust his spending to increase his leftover pay?
4. What fractional part would Greg have if he spent half of his remaining money on clothes?
5. How does Greg's leftover pay change if food expenses drop to \(\frac{1}{6}\)?

### Tip:
Understanding how fractions affect each other in sequential spending scenarios can help in budgeting effectively.

greg spends 1/5 of his take-home pay on his mortgage and property taxes, out of the remaining money he spends 1/4 on food and 3/8 on clothes, from the money left over after these expenses, he puts 1/6 into savings, what fractional part of his take-home pay does greg have left?

Solve Greg's fractional spending problem: he spends 1/5 of his take-home pay on his mortgage and taxes, 1/4 of the remainder on food, 3/8 on clothes, and 1/6 of what's left on savings. This problem uses fractions to determine the leftover part of Greg's take-home pay.

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