1. What Savings Can Do For You

2. If You Had Problems Balancing Your Budget…  Keep In Mind…  You are not taking into account health/dental insurance  That house/apartment you are looking for is unfurnished  You have no dependents  You are not actively saving for retirement  You have had nothing “bad” happen to you yet

3. Mr. Furtado’s Words of Wisdom

4. Thus Far  You have (or will, slackers) completed the 2 most complicated parts of this class…  Researching and choosing a careers  Creating a balanced budget  You will now complete the structure of your fake lives and find a suitable CAR and LIVING ARRANGEMENT for you lifestyle

5. In 1 Month I Will Spend or Save… In 12 Months I Will Spend or Save… Rent/Mortgage $1000$12000 Car Payment $300$3600 Car Insurance $150$1800 Gas For Car $150$1800 Heat $125$1500 Electric $60$720 Cell Phone $50$600 Internet $100$1200 Water $10$120 Grocery Shopping $400$4800 Personal Care (Clothes, Shoes, Haircuts, Cosmetics) $150$1800 Entertainment (Restaurants, movies, sports, concerts, weekends) $315$3780 Miscellaneous (Just In Case Fund) $250$3000 Savings (required at least 10% of TMI) $300$3600 Total $3000$36000  You have told yourself that this is the max you can spend in these areas  Now when you start your research you know what are within your means  Cycle 6 (Feb-March)- Car  Cycle 7 (March-April)- House/Apartment

6. In 1 Month I Will Spend or Save… In 12 Months I Will Spend or Save… Rent/Mortgage $1000$12000 Car Payment $300$3600 Car Insurance $150$1800 Gas For Car $150$1800 Heat $125$1500 Electric $60$720 Cell Phone $50$600 Internet $100$1200 Water $10$120 Grocery Shopping $400$4800 Personal Care (Clothes, Shoes, Haircuts, Cosmetics) $150$1800 Entertainment (Restaurants, movies, sports, concerts, weekends) $315$3780 Miscellaneous (Just In Case Fund) $250$3000 Savings (required at least 10% of TMI) $300$3600 Total $3000$36000  The rewards…  The best payment you can make is one to yourself!  Think about what you can do with $3600 at the end of the year…

7. Vacation?  7 Days in Disney World  W/ Flight  W/ Hotel  W/ Park Tickets  Approx. $2500

8. Vacation?  4 Nights in Las Vegas  w/ Hotel (Hard Rock)  w/ Flight  Approx. $1000

9. Vacation?  7 Days W. Carribean Cruise W/ Flight  Approx. $1300

10. Electronics?  Samsung Smart TV 60’’  Surround Sound System  Approx. $1400

11. Furniture?  www.Jordans.com www.Jordans.com  http://www.raymo urflanigan.com http://www.raymo urflanigan.com