Guess the average MONTHLY cost of a one bedroom apartment in Southern Orange County.
Guess the average MONTHLY cost of filling up a medium sized car with gas in Southern Orange County.
Guess the average MONTHLY cost a family of 4 spend on groceries.
Guess the current cost of this item at the local Ralph’s.
How did you do???
Knowing this, pretend you have a family of 3 (you, your spouse and a child). How would you ration out $3500 a month? Consider rent, food, clothing, transportation, entertainment, etc.