1. Created by: Mr. Bock

2. 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

3. Living Arrangements Considering my salary, I choose to rent a 1-bedroom upscale apartment. This apartment would cost $625/ monthly

4. 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

5. 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 $5769.00 Considering 8% sales tax, I would have to pay $461.52 for taxes

6. Car Payment The total cost of the vehicle is $6330.52 Using a 4 year auto loan at 5% interest my monthly payment would be $145.79

7. Car Insurance Monthly my car insurance will be $80.00

8. Fuel Cost My monthly fuel cost on average will be $291.67

9. Food and Groceries I would budget $200.00 per monthly for food and groceries.

10. Entertainment I would budget $25 per week, which is $100 per month for entertainment

11. Extras I would be sure to budget for the following as well Cell Phone - $80/month Clothing - $75/month Car repair savings - $40/month

12. Totals All my monthly expenses -Rent $625 -Utilities $219.91 -Car payment $145.79 -Car Insurance $80.00 -Fuel $291.67 -Food/groceries $200 -Entertainment $100 -Cell Phone $80 -Clothing $75 Car Repairs $30 Miscellaneous $75 Total= $1992.37 Monthly Salary -Monthly Expenses Monthly Savings Monthly salary= $3,152.00 Monthly expenses= $1992.37 =Savings of $1159.63