AdultJ oba ndI ncome5p

oints
Name_____Paige Boucher____________

Occupa on Physical Therapist

Salary: $82,390
Salary X 70% = _$57,673_ / 12 months
MonthlyN
etI ncome:$
4,806
TheL ivingE nvironmentS tep1

10p
oints
This apartment should be located near your job in a posi ve sec on of a city
This monthly rent expense should be no more than 25%o
fy ourm
onthlyincome,w
ithu
tilities3
0%

300NStateSt,Chicago,IL60654

Address
Rent
Number of Bedrooms-If you choose a
2-Bedroom, assume you will split it.
Type the full amount and then your half.
You can choose a studio apartment (one
person-minimal living)

$1,400$

Parking, Pets, Air Condi oning, Hea ng, Dishwasher, Gym,

Laundry
$65.00
$45.00
$$

Ameni es-things included

Electricity provided
Internet Service provided
Cable Service (op onal)
Cell Phone Package provided

$ 45.00

LivingE nvironmentT otal

$1,555

TransportationI nformationS tep2

25P
oints
Car and insurance expenses should be no more than 20%o
fy ourm
onthlyincome
Searchf ora c art op
urchase
Cars.com; Carmax.com; Edmunds.com
Make,M
odel,Y
ear,M
ileage

2014 Chevrolet Cruze LS

Picture

MPGMilesp
erG
allon

25-MPG city/ 36-MPG highway

AskingP
rice

$11,998

EstimatedM
onthlyM
aintenance
Under 5 years $30/month
Over 5 years $70/month

Monthly Maintenance __$30/month

Warranty Terms, if any

30-Day Limited Warranty

Purchase Price _$11,998____

Subtract $$1,199 down payment (10%)
Auto Loan Amount: __$19,798______
Auto Loan Terms: 4 years or 48 months
Interest Rate: 7.30%
Monthly auto loan payment: $476.85___
Copy and Paste your results from payment calculator here:
CarL oan
Calculate payment:
http://www.bankrate.com/brm/auto
loancalculator.asp

CarI nsurance
Shop for your own Auto insurance.
Assume you are:
-23 years old
-Have 7 years of driving experience
-Use the car you purchased in the
previous ac vity as the car to be
insured
Go to this site and do not use your own
social security number
www.esurance.com

GasolineU
sage
Assume that you drives 34 miles round
trip each day to work for 5 days a week
for 4 weeks each month.
Calculate this rst __700 miles___
CarP
ayment,I nsurance,G
as,
ExpensesT otal

Remember 100/300/50
$500 to $1000 deduc ble
Paste the results in here: CoverageHighlights

BodilyI njuryL
imits
PropertyDamageLimit
Medicala
ndF
uneralS
ervicesPayments
Uninsured/Underinsured
MotoristBodilyI njuryL
imits
Limits
$25k/$50k
$20k
None
$25k/$50k

yourquote
$104.13/mo

___700 miles per month/_25 MPG= _175_ gallons per month

__175_ gallons x $2.40 = _$437.5___
$1,018.48

WeeklyM
enu S tep3

10p
oints
This should not exceed 15% of your monthly income
Monday

Tuesday

Breakfast
bagel
cream
cheese
grapes

Breakfast
bacon
eggs
toast

Wednesda
y
Breakfast
bagel
cream
cheese
bacon

1) Copy or Insert your Menu,

Thursday
Friday
Saturday
Breakfast
Breakfast
bagel
eggs
peanutbutter toast

Breakfast
toast
grapes

Sunday
Breakfast
bacon
eggs

Groceries
list
3xbagel
3xbacon
3xeggs
3xtoast
1xpeanut
butter
2xcream
cheese

Lunch
lettuce
tomato
salad
dressing

Lunch
lettuce
tomato
salad
dressing

Lunch
lettuce
tomato
salad
dressing

Lunch
bread
peanutbutter
jelly
chips

Lunch
bread
peanutbutter
jelly
chips

Dinner
Dinner
Dinner
Dinner
Dinner
rice
rice
rice
rice
rice
chicken
chicken
chicken
chicken
chicken
breast
breast
breast
breast
breast

Snacks
Snacks
Snacks
Snacks
Snacks
grapes
apple
apple
banana
banana

2) GroceryChargeforaWeek_$27.24___
3) GroceryChargeconvertedforaMonth__$108.97___
2) Insert your Peapod list for Food and Personal Items

EntertainmentE xpenses S tep4

10p
oints

Lunch
lettuce
tomato
salad
dressing

Lunch
bread
peanutbutter
jelly
chips

Dinner
rice
chicken
breast

Dinner
rice
chicken
breast

Snacks
grapes

Snacks
apple

2xgrapes
4xlettuce
4xtomato
4xsalad
dressing
3xbread
3xpeanut
butter
3xjelly
3xchips
7xrice
3x
chicken
breast

2xgrapes
2xbanana
2xapple

Finda ctivitiesf ora m

ontha ndp
rovidep
ricing.This should not exceed 5% of your monthly income.
Please include any explana ons of expenses when necessary. Go to the websites for these ac vi es and get
some actual prices at these places. (ex. For movie ckets). Going to friends house requires bringing something
such as an appe zer.
Your list of leisure ac vi es should include atleastf ourd
ifferentt ypeso
ft hingst od
o.
Assume it will be
for the current
season
Friday
Saturday
Sunday
Entertainment
Total

Week 1

Week 2

Week 3

Week 4

Monthly
Total

Biking
Movies
Picnic

Biking
Cleaning Day
Picnic

Biking
Jimmy Johns
Jimmy Johns

Biking
Visit Family
Picnic

$0.00
$25.00
$10.00

$15.00

$0.00

$20.00

$0.00

$35.00

PuttingI tA
llT ogether S tep5

10p
oints
Cost
Step 1 Living Expenses (25% - 30%)
Apartment, u li es
Step 2Transporta on (20%)
Car Payment, Insurance, Maintenance, Gas
Step 3 Food (15%)
Grocery Bill
Restaurants
Personal Items
Step 4 Entertainment
Student Loans - Use the amount from your HR Block Student
Loan Calculator
Savings
Emergency Savings
Health Insurance; company plan
Total Monthly Expenses

ActualM
oneyS pent
$1,555
$1,018.45

$138.97
$35.00
$261.11
$75.00
$120.00
$75.00
$3,243.53

Monthly Net Income:

$___4,806___
From page 1
Total Monthly Expenses $__3,243.53___
From above
Total Dierence of _$1,562.47_________
Subtract and hopefully expenses are not more than income-otherwise-go back and x your expenses.

Reflection:30P
ointsPleaseletm
ek noww
haty ouh
avelearned!
What I/we learned from this project? Name at least 3 items. (4-6 sentences)
I learned how much thought goes into daily life and how to manage money. Other things I learned were
car insurance and and nding the best quota. This was all new to me, so im glad I got to see it more in-depth
and how it works. Most part of this project I already had an idea about, so it may have been easier for me. All
in all, I learned many things that make my understanding of budge ng larger.
What parts of this project were challenging? Name at least 2 tasks. (3-5 sentences)
Some challenging parts were making sure I dont go overboard when spending money and being
reasonable. It was dicult to nd the best things for the best price, this was probably the hardest thing for me.
Another hard thing was guring out how to calculate everything, a few mes I got stuck and had to gure it
out or ask for help.
Explain what would apply to your real life. (3-5 sentences)
Doing this project will help me when making decisions in the future. Ill be able to nd insurance and a
house a lot easier then without knowing what I know now. I will also be able to take what I learned and apply it
to me budge ng when it comes to extra thing and groceries.