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: $1,500 Horseback Riding: $800 Ice Skating:$540 Guthrie Theater Tour and Performances: $100 Lake Visits: $0 Flute and Music Set: $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 2010 Freewheel, Inc. Advertisement. Freewheel Bike Shop - Minneapolis - Twin Cities - St. Paul - Trek - Gary Fisher - Nokian - Schwalbe - Studded Tires. Web.07 June 2011. <http://freewheelbike.com/>. 2011 Meet Minneapolis. "150 Things to Do in Minneapolis." Minneapolis Convention & Visitors Association. MOA, Delta, American Express. Web. 07 June 2011. <http://www.minneapolis.org/page/150-things-to- do.jsp>. "Average Cost of Food & Drink for Single Women in MINNEAPOLIS,MN | Bundle." How America Spends and Saves Money | Bundle. 2011 Bundle Corporation. Web. 07 June 2011. <http://money.bundle.com/data/spending/food-drink/minneapolis- mn/single- women#/spending/bubbles/MINNEAPOLIS,MN/400005/0/5/0/100>. "Bicycling in Minneapolis." City of Minneapolis, Minnesota - Official Web Site. City of Minneapolis, 2010. Web. 07 June 2011. <http://www.ci.minneapolis.mn.us/bicycles/>. Bikram Yoga Keeps You Stay Healthy, Fight against Stress, Diabetes, Obesity, Insomnia, Arthritis. 2010 Bikramyoga.com. Web. 07 June 2011. <http://bikramyoga.com>.

17. Bibliography (Cont.) Calhoun Square | Home : An Urban Mall in the Heart of Uptown. Jones Lang LaSalle. Web. 07 June 2011. <http://calhounsquare.com>. "City of Minneapolis-St. Paul Cost of Living Calculator. Minnesota-- Minneapolis-St. Paul Relocation C." Salary.com. Web. 07 June 2011. <http://swz.salary.com/costoflivingwizard/layouthtmls/coll_metrodeta il_110.html>. FICA Tax. Careers, Finance and Investing : Money-zine.com. Rep. Money- zine.com, 2011. Web. 07 June 2011. <http://www.money-z ine.com/Financial-Planning/Tax-Shelter/FICA-Tax/>. Health Insurance - Find Affordable Health Insurance Plans and Buy Medical Coverage Online. 2011 EHealthInsurance Services, Inc. Web. 07 June 2011. <http://www.ehealthinsurance.com/ehi/Alliance?allid=All22890>. How America Spends and Saves Money | Bundle. Rep. 2011 Bundle Corporation. Web. 07 June 2011. <http://money.bundle.com/data/spending/phone/minneapolis- mn/single- women#/spending/statsdetail/MINNEAPOLIS,MN/400005/0/5/0/102/5 >.

18. Bibliography (Cont.) James, Clara. "What Does It Cost to Heat a Home in Minneapolis-St. Paul? What Does It Cost To Heat An Apartment in Minneapolis-St. Paul?" Minneapolis / St. Paul - Guide to Minneapolis and St. Paul, Minnesota. About.com. Web. 07 June 2011. <http://minneapolis.about.com/od/househome/a/heatingcosts.htm>. LA Fitness: Where Fitness Is a Way of Life. 2011 L.A. Fitness International, LLC. Web. 07 June 2011. <http://lafitness.com>. Macy's| Department Store, Dept Store , Department Stores, Clothing, Apparel, Accessories. Macys.com, Inc. Web. 07 June 2011. <http://www1.macys.com/index.ognc>. Metro Transit. Advertisement. Metropolitan Council. Web. 07 June 2011. <http://www.metrotransit.org/>. Minneapolis Concerts | 2011 Concert Calendar/Schedule & Tickets. 2011 MinneapolisConcerts.net. Web. 07 June 2011. <http://www.minneapolisconcerts.net/>.

19. Bibliography (Cont.) "Minneapolis Gas Prices - Find the Lowest Gas Prices in Minneapolis, Minnesota." Twin Cities Gas Prices - Find Cheap Gas Prices in Minnesota. Gasbuddy.com, 07 June 2011. Web. 07 June 2011. <http://www.twincitiesgasprices.com/Minneapolis/index.aspx>. "Minneapolis Zip Codes, Area Code, County and More." Minneapolis Yellow Pages and Minneapolis MN Guide. 2011 MDNH, Inc. Web. 07 June 2011. <http://minneapolis.areaconnect.com/zip2.htm?city=Minneapolis>. "Places near 3600 Chicago Ave, MN55407." Map. Google Maps. Google. Web. 07 June 2011. <http://maps.google.com/maps?hl=en>. RichWeb Media LLC 2011. Advertisement. High Speed Internet, DSL Providers, Wireless Internet by Zip Code. RichWeb Media LLC 2011. Web. 07 June 2011. <http://www.broadbandexpert.com/internet-and- tv-bundles/>. River Valley Horse Ranch. 2011 River Valley Ranch, Inc. Web. 7 June 2011. <http://www.rivervalleyhorseranch.com/>.

20. Bibliography (Cont.) T-Mobile USA. Advertisement. Cell Phones| 4G Cell Phone Plans |AndroidTablet PCs| T-Mobile. Web. 07 June 2011. <http://www.t- mobile.com/>. United States of America. Minnesota Department of Revenue. Minnesota Department of Revenue. Minnesota State Government, Dec. 2010. Web. 07 June 2011. <http://taxes.state.mn.us/Pages/index.aspx>. United States of America. United States Department of Labor. CONSUMER PRICE INDEX, MINNEAPOLIS-ST. PAUL, MINN.-WIS., MSA - 2010 ANNUAL AVERAGES. By U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics. Web. 07 June 2011. <http://www.bls.gov/ro5/cpimpls.htm>. United States of America. United States Department of the Treasury. Internal Revenue Service. US Government, 13 Dec. 2010. Web. 07 June 2011. <http://www.irs.gov/>. Zillow Inc. Advertisement. Zillow - Real Estate, Homes for Sale, Home Prices & Values. Yahoo!-Zillow Real Estate Network, 1 May 2009. Web. 07June 2011. <http://www.zillow.com/homes/>.