Monthly Budget Project on $150,000

By: Emily & Bailey

Government Programs

• Due to the salary amount per year that we make we do not qualify for any government programs.

Cars

• 2014 Sierra 3500 Denali HD• 2013 Suzuki Grand Vitara •

Car Payment and Insurance

• $20,000(2013 Suzuki Grand Vitara) + $50,000(2014 Sierra 3500 Denali HD) = $70,000

• $70,000 / 60(payments) = $1,167• $1,167 + $200(car insurance) = $1,367

Car Gas

• (Suzuki Grand Vitara) 415(average miles per month)/22(mpg)=18.86(gallons per month) x $3.40(price of gas) = $64.14(price of gas)

• (Sierra 3500 Denali HD) 415(average miles per month)/30(mpg)=13.84(gallons per month) x $3.85(price of diesel) = $53.26(price of gas)

Health Insurance

• Due to the types of jobs that we have, the health insurance is included with our job giving us Company Sponsered Health Insurance that we pay nothing for.

Child Care

• Jessie W, 21 year old babysitter from Montoursville, PA with 5 years of experience and a background check available upon request

• Montoursville, PA | 21 yrs old | 5 years experience | part-time $10-15/hr

• $15(per hour) x 8(hours per day) = $120(per day) x 20(work days per month) = $2,400(per month)

House

Utilities

• Gas, Electric, Heat - $300• Water & Sewer - $100• Trash_D&W Disposal - $30• Cable & Internet_Comcast_Xfinity Triple

Play - $80• Cell Phone_Verizon_2 cell phones - $100

Student Loans

• $114,000(total student loans)/ 240(payments for 20 years) = $475 (per month)

Kids College Fund

• 2% of every paycheck• 2% of 9,375(monthly budget) =

$187.50(money put away for one kid) x 2(kids) = $375(money put away for two kids per month)

Retirement

• Save 8% of every paycheck• 8% of $9,375(monthly budget) =

$750(money put away every month)

Vacation

Vacation Prices

• $549(ticket price per person) x 4(people) = $2,196(full price of trip) / 12(months) = $183(monthly payment)

Recreation

• $100

Clothes & Food

• Clothes- $100• Food- $800

Pets

• Small dog_Chihuahua - $20• Large dog_German Shepherd - $40