Created by: Mr. Bock
Salary I choose to base my salary from a career as a teacher that makes $51,250 annually This equates to $788/week or $3,152.00/month after taxes
Living Arrangements Considering my salary, I choose to rent a 1-bedroom upscale apartment. This apartment would cost $625/ monthly
Utility Costs for my Apartment Electric - $61.37 Natural Gas (heat) - $62.36 Cable for TV - $57.03 Internet - $39.15 Total Utility Costs: $219.91
Vehicle Purchase I choose to purchase a 2004 GMC Envoy. This vehicle has 75,342 miles and averages 16mpg The cost of this vehicle is $ Considering 8% sales tax, I would have to pay $ for taxes
Car Payment The total cost of the vehicle is $ Using a 4 year auto loan at 5% interest my monthly payment would be $145.79
Car Insurance Monthly my car insurance will be $80.00
Fuel Cost My monthly fuel cost on average will be $291.67
Food and Groceries I would budget $ per monthly for food and groceries.
Entertainment I would budget $25 per week, which is $100 per month for entertainment
Extras I would be sure to budget for the following as well Cell Phone - $80/month Clothing - $75/month Car repair savings - $40/month
Totals All my monthly expenses -Rent $625 -Utilities $ Car payment $ Car Insurance $ Fuel $ Food/groceries $200 -Entertainment $100 -Cell Phone $80 -Clothing $75 Car Repairs $30 Miscellaneous $75 Total= $ Monthly Salary -Monthly Expenses Monthly Savings Monthly salary= $3, Monthly expenses= $ =Savings of $