1. Cost of Living Liz Chen Karen Kuo Minneapolis, Minnesota

3. FICA: $3,442.50

5. FICA: $3,060

6. State income tax: $2,160.83Disposable Income: $30,596.18

8. Housing Costs Liz Chen Karen Kuo $33,944.17 Deductions $475 Deposit $35 Application Fee $5,700 Annual Rent $366 Renter’s Insurance Remainder: $26,983.17 $30,596.18 Deductions $475 Deposit $35 Application Fee $5,700 Annual Rent $366 Renter’s Insurance Remainder: $23,635.18

9. Healthcare Liz Chen Karen Kuo Provider: Blue Cross Blue Shield of Minnesota $134.50 per month per person PPO Deductible: $3,000 80% Coinsurance for in-network services Total: $1,614 per year Remaining Income ($26,983.17 - $1,614): $25,369.17 Provider: Medica $94.24 per month per person PPO Deductible: $3,000 Coinsurance Total: $1,130.88 per year Remaining Income($23,635.18 - $1,130.88): $22,504.30

10. Transportation Costs Liz Chen Karen Kuo Public Transportation: MetroTransit, $76 per month Bike: $429.99 (includes maintenance fee of $70) Total (annual): $1,341.99 Remaining income ($25,369.17-$1,341.99): $24,027.18 Public Transportation: MetroTransit, $76 per month Bringing bike from home; walking Total (annual): $912 Remaining income ($22,504.30-$912): $21,592.30

11. Cost of Utilities (calculated annually) Liz Chen Karen Kuo Phone: $599.88 T-Mobile 1000-minute calling only plan Gas (Heating): $840 Electric: $2,094 Water: $559.20 Cable/Internet: $420 Comcast Total: $4,513.08 Remaining Income ($24,027.18-$4,513.08): $19,514.10 Phone: $479.88 AT&T 1000-minute calling only plan Gas (Heating): $840 Electric: $2,094 Water: $559.20 Cable/Internet: $420 Comcast Total: $4,393.08 Remaining Income ($21,592.30-$4,393.08):$17,199.22

12. Cost of Food, Furniture, & Household Supplies Liz Chen Karen Kuo Groceries: $175 per month Eating Out: $100 per month Snacks: $40 per month Food Total (annual): $3,780 Furniture: $2,500 Household Supplies: $500 (split cost) Overall Cost: $6,780 Remaining Income ($19,514.10-$6,780): $12,734.10 Groceries: $250 per month Eating Out: $40 per month Snacks: $0 per month Food Total (annual): $3,480 Furniture: $800 Household Supplies: $500 (split cost) Overall Cost: $4,780 Remaining Income ($17,199.22-$4,780): $12,419.22

13. Savings *Doesn’t include Extracurricular activities b/c activities aren’t really needed to live (by Asian Standards, anyway – not that this is a good or a bad thing). Liz Chen Karen Kuo Annual Living Costs* ($33,944.17 -$12,734.10) : $21,210.07 Annual Income to Save: $12,734.10 Saving 20% of Annual Income (from above): $2,546.82 Bank of America (0.05% APY) Checking Account: $546.82 Savings Account: $2,000 Remaining Income: $10,187.28 Annual Living Costs* ($30,596.18 -$12,419.22): $18,176.96 Annual Income to Save: $12,419.22 Saving 30% of Annual Income (from above): $3,725.77 Bank of America (0.05% APY) Checking Account: $725.77 Savings Account: $3,000 Remaining Income: $8,693.45

14. Extracurricular Activities (calculated annually) Liz Chen Karen Kuo Overnight Kayak Trips with Wilderness Inquiry: $1,500 Horseback Riding at River Valley Horse Ranch: $800 Ice Skating at The Depot :$540 Guthrie Theater Tour and Performances: $100 Visit Lake Harriet, Lake of the Isles, Lake Calhoun, and the Stone Arch Bridge: $0 Flute, Accessories, and Sheet Music: $1,100 Total: $4,040 Total Amount Remaining ($10,187.28- $4,040): $6,147.28 Yoga Membership: $540 Leisure Shopping (Calhoun Square): $3,600 Visit Lake Harriet, Lake of the Isles, Lake Calhoun, and the Stone Arch Bridge = $120 Total: $4,260 Total Amount Remaining ($8,693.45 - $4,260): $4,433.45

15. Summary (of the first year) Liz Chen Karen Kuo Disposable Income: $33,944.17 Costs (Annual): Housing: $6,961.00 Healthcare: $1,614 Transportation: $1,341.99 Utilities: $4,513.08 Food/Furniture/Supplies: $6,780 Savings: $2,546.82 Extracurricular Activities: $4,040 Remaining Income: $6,147.28 Disposable Income: $30,596.18 Costs (Annual): Housing: $6,961.00 Healthcare: $1,130.88 Transportation: $912 Utilities: $4,393.08 Food/Furniture/Supplies: $4,780 Savings: $3,725.77 Extracurricular Activities: $4,260 Remaining Income: $4,433.45

16. Bibliography