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Budget Project Kimberly Holliday
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Before Taxes: $3,327
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Taxes Federal (18%) - $598.86 State (7%) - $232.89
FICA (6.2%) - $206.27 Medical Insurance - $328/month Retirement (6%) - $199.62 Total taxes: $
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After Taxes: $
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Apartment Address: 4110 Verde Vista Circle Asheville, NC 28805
Total: $660
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Car Payment 2006 Chevrolet Aveo Total: $78.91
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Car Insurance Total: $95.46
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Student Loans and Gas/ Electricity/ Water
Total:$275
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Groceries Total: $216
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Gas $ = $55 Total: $55
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Cell Phone Total: $45
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Wi-Fi and Cable Internet: $14.95 Cable: $19.99 Total: $34.94
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Savings Total: $150
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I had money left over! Total: $ Extra: $151.04
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Surprise! My washing machine is broken and it cannot be fixed. I have to buy a new one for $359.95
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Raise I received a raise, so my total salary after taxes was $
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Conclusion I have learned that buying your own stuff and paying your own bills is harder than I thought it would be. I am going to be in this situation in a few years, so I am glad I had this practice. If I had to do it over again I would do a couple things differently. I would pick a better car, because the one that I picked is really cheap! I would also look at a better insurance plan, because I would rather have better coverage than a basic package.
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