1. Personal Finance Project Jalynn Patterson May 29 th /30 th,2014 Period: 4

2. Family Introduction A happily married couple Jalynn ( 44 years old) and Richard Patterson ( 46 years old ) who have been together for 20 years. Jalynn is a professional fashion designer and Richard is a professional lawyer. They live at 8557 Norwich Ave, North Hills, CA 91343 with their two beautiful children. A 16 year old boy named James and a 14 year old girl named Madison. Everyday on their way to work the couple shares a car. The Patterson’s are known as a Christian family. We go to church every Sunday. We are strict when it comes discipline with our children,but we are still fun. We only wants best for our children. Overall our family is happy and free spirited.

3. Career Summary Jalynn Patterson Career Fashion designers create original clothing, accessories, and footwear. They sketch designs, select fabrics and patterns, and give instructions on how to make the products they design. Education required is a bachelor’s degree in fashion design or merchandising. Must have creativity and a good understanding of the production process. Annual wage is $63,000. Richard Patterson Career Lawyers advise and represent individuals, business, and government agencies on legal issues and disputes. Education required is a doctor or professional degree. Annual Wage is $113,530.

4. Why we choose our careers? Jalynn Patterson I choose to be a fashion designer because I love to make beautiful clothing and accessories. It’s a way of expressing who I am while providing people with beautiful attire. Richard Patterson I choose to be a lawyer because I love helping people. I love making the world a better place.

5. Home Purchase Address: 8557 Norwich Ave, North Hills, CA 91343 Bedrooms: 4 beds Bathrooms: 3 baths Single Family: 2,729 sq. ft. Lot: 5,662 sq. ft. For sale: $525,000 Down payment: 20% ( $105,000) Interest Rate: 4.4% 30 year fixed:$2,019/month

6. Auto Purchase  Price: $8,992  Used 2010 Pontiac Vibe  Buena Park Honda I choose this car for my family because its affordable. It has plenty of space in the car for us and the kids. Plus its also a very nice car.

7. Family Budget Monthly Gross Earning$14,711 Subtract 28% for average with holdings $4,119 Monthly Net Income$10,592 Income

8. Family Budget continued… Housing$2,966 Utilities$1,271 Medical Insurance$741 Student Loans$200 Misc. Expenses$212 Transportation Expenses$148 Grocery Items$1,589 Savings$741 Clothing$530 Other Credit0 Entertainment$318 Childcare$1,059 Monthly Expenses$9,775 Annual Expenses$117,300 Expenses

9. Savings and Investing  Savings- $741.00  Put into mutual funds

10. Wheel of Misfortune  Basic services of funeral direction: $1,500  Transfer of body: $125-175  Embalming/body preparation: $600  Visitation: $200- 500  Miscellaneous(hearse, death,certificates,etc): $600  Utility vehicle: $30-125  Casket: $2,300

11. Will If you are reading this now, then means Richard and I are both deceased. We would like to give full custody of the children to Jalynn’s parents. If they happen to be deceased, be then my aunt Carla will take their place. As for all of our belongings, I would like to give the car to James since he is the oldest. The house will have be under the legal guardian choice or state’s. As for the money we have, I would like to give to both of my beautiful children, As for any other belongings, James and Madison get to make the final decision on what to do with them. We love you James, Madison an everyone. We will watch over you.  Your guardian angels  Richard & James

12. Source List  http://www.bls.gov/ooh/arts-and-design/fashion-designers.htm http://www.bls.gov/ooh/arts-and-design/fashion-designers.htm  http://www.bls.gov/ooh/legal/lawyers.htm http://www.bls.gov/ooh/legal/lawyers.htm  http://www.zillow.com/homes/#/homedetails/8557-Norwich-Ave- North-Hills-CA-91343/20134737_zpid/ http://www.zillow.com/homes/#/homedetails/8557-Norwich-Ave- North-Hills-CA-91343/20134737_zpid/  http://www.mappingyourfuture.org/money/budgetcalculator.ht m http://www.mappingyourfuture.org/money/budgetcalculator.ht m  http://www.kbb.com/cars-for- sale/details/?listingid=370512665&totalresults=3&index=1&searcht ype=all&atcmodelcode=vibe&bodystyle=hatch&pricerange=0- 28000&fueltype=gasoline&transmission=automatic&door=4&drive =2wd&distance=75 http://www.kbb.com/cars-for- sale/details/?listingid=370512665&totalresults=3&index=1&searcht ype=all&atcmodelcode=vibe&bodystyle=hatch&pricerange=0- 28000&fueltype=gasoline&transmission=automatic&door=4&drive =2wd&distance=75  http://www.mappingyourfuture.org/money/budgetcalculator.ht m http://www.mappingyourfuture.org/money/budgetcalculator.ht m  http://funeral-tips.com/how-much-does-the-average-funeral- cost/ http://funeral-tips.com/how-much-does-the-average-funeral- cost/  http://www.caregiverslibrary.org/caregivers-resources/grp-end- of-life-issues/hsgrp-funeral-planning/funeral-costs-article.aspx http://www.caregiverslibrary.org/caregivers-resources/grp-end- of-life-issues/hsgrp-funeral-planning/funeral-costs-article.aspx