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Personal Finance project
Mr. Buford
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CEO Salary is 1,000,000 a year $83,333.33 per month
Married with 3 kids wife stays at home.
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Taxes Taxes equal $ x .3 = $25,000 Monthly salary after taxes $58,333
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Housing
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Housing cont. Mortgage payment $14,393
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TV, Phone and Internet AT&T phone, DirecTV, and AT&T internet $200
Cell Phone $200 Total Monthly Balance - $57,933
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Grocery We will eat good $2000 Total Monthly Balance $55,933
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Utilities Electric $2250 Water $50 Trash $ 45
Total Monthly Balance $53,588
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Car Insurance Geico $1000 Total Monthly Balance $54,933
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Total House Payment Mortgage $14,393 Property Taxes 2158.95
Insurance Total $17,271.60 Total Monthly Balance $37,316.40
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Transportation Cost Buy a 2016 BMW 528i $855.95 Buy a BMW x5 $1200
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Transportation Cost Gasoline Cost $400.00
Total Monthly Balance $34,916.40
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Savings/ Emergency Fund
$10,000 Total Monthly Balance $24,916.40
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Charity $8400 Total Monthly Balance $16,516.40
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Health/ Personal care $2000
Health Care, Hair cuts, Gym Membership, Country Club Membership, Massages, etc. Total Monthly Balance $
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Clothing $2,000 Total Monthly Balance $12,516.40
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Entertainment $5000 Total Monthly Balance $7,516.40
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Spending Total Monthly Balance $2,516.40
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Summary I am fortunate to have a great job and even after all expenses I have $2000 left to add to savings.
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