The Cost of Living By: Nikhit Yamani, Cameron Matin, and David Pelekoudas.

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Presentation transcript:

The Cost of Living By: Nikhit Yamani, Cameron Matin, and David Pelekoudas

Taxes Nikhit- Michigan 1040EZ-5,756 Social Security- 2,016 Medicare- 696 State Income Tax- 2,088 Total taxes- 10,556 Disposable Income- 37,444 David/Cameron- California 1040EZ- 5,756 Social Security- 2,016 Medicare- 696 State Income Tax- 4,464 Total Taxes- 12,932 Disposable Income- 35,068

Saving (All in Bank) Nikhit Save Only $500 dollars until student loans are paid off because I want to keep extracurricular activities. Assuming I can make up extra money if necessary in Las Vegas. Cameron/David Save only $100 dollars until student loans are paid off because we want to keep extracurricular activities. Assuming we can make up extra money if necessary in Las Vegas.

Student Loans (All three of us) With a $22,000 debt and a 3.5% interest rate, we each would owe $ a year and $ per month for 10 years according to a bank calculator.

Housing Nikhit- Ann Arbor 2 Bed 2 Bath with Den 1299 sq. ft apartment Deposit: $300 One Roommate Rent- 690 per month month to month rent Renter’s insurance: $8 per month (State Farm) Cameron- La Jolla 1 Bed 1 Bath 690 sq. ft apartment Deposit: $500 No Roommates Rent- 900 per month Month to month rent Renter’s insurance: $14 per month (State Farm) David- Irvine 2 Bed 2 Bath 1075 sq. ft apartment Deposit: $700 One Roommate Rent- 875 per month month to month rent Renter’s Insurance: $11 per month (State Farm)

Health Care Nikhit- Michigan Blue Cross/Blue Shield of Michigan- $43.95 a month (keep fit plan) $5,000 deductible $40 co-pay per office visit Cameron/David Blue Shield of California- Vital Shield Plus 2900 Generic Rx- $112 a month $2900 deductible $30 dollar per office visit

Transportation Nikhit Ford Fusion 24 month Lease $2000 down payment $218 per month Car Insurance-$210 a month (Allstate) Registration Fee- $125 Gas- $3.76 per gallon Cameron Ford Focus 24 Month Lease $2000 down payment $218 per month Car Insurance- $260 a month (Allstate) Registration fee- $203 Gas- $4.22 per gallon David Ford Fusion 24 Month Lease $2000 down payment $197 per month Registration fee- $203 Car Insurance- $285 per month (State Farm) Gas- $4.15 per gallon

Utilities Nikhit- White Fence Bundle Internet, phone, and dish- $115 a month Water- $114 per quarter (3 months) Gas and Electric combined bundle- $110 average per month Total: $263 Cameron- Water, Electric, and Heat- $160 a month Gas Bill- $14 a month Cox Phone, Internet, and TV bundle- $100 a month Total: $274 David (not at home a lot due to golf)- Electricity- $70 a month Gas Bill- $15 a month Basic Cox Bundle (TV economy, internet essential, phone)- $75 a month Water- $30 a month Total: $190

Food Nikhit- $125 a month for groceries $250 a month for eating out Cameron- $150 a month for groceries $225 a month for eating out David- $74 a month for groceries $300 a month for eating out

Extracurricular Activities Nikhit- Michigan Football Season tickets- $390 HyperFit USA gym membership- $110 a month Detroit Lions Tickets- $200 for 3 games Las Vegas Vacation - $2200 Cameron- San Diego Chargers Season Tickets- $ Hour Fitness pass- $20 bucks a month- 0 initiation Las Vegas Vacation - $1800 David- Golf Expenses- $2000