3. Housing 1550 Village Glen Dr Raleigh, NC 27612 $1150/MO 2 Bedrooms 2.5 Bathrooms 1024 SqFt Julian -$9000 Rent =$35364 Remaining Max -$4800 Rent =$30364 Remaining
4. Healthcare Julian BlueAdvantage PPO – Plan B $3500 Deductible $25 Copay 30% Coinsurance -$1188 Premiums =$34176 Remaining Max BlueAdvantage PPO – Plan B $3500 Deductible $25 Copay 30% Coinsurance -$1188 Premiums =$29176 Remaining
5. Utilities Julian -$480 Electricity -$270 Water -$480 Gas -$180 Internet -$480 Cell Phone =$32286 Remaining Max -$480 Electricity -$270 Water -$480 Gas -$180 Internet -$480 Cell Phone =$27286 Remaining
7. Transportation Julian -$7500 Car -$1128 Insurance -$2000 Gas -$1500 Repairs/Maintenance =$6358 Remaining Max - $8400 Car - $1650 Insurance - $1200 Gas - $1000 Repairs/Maintenance =$1236 Remaining
8. Misc. Julian -$800 Clothing -$500 Misc. Entertainment =$5058 Remaining Max - $800 Clothing - $400 Misc. Entertainment - $36 Remaining
9. Analysis This project both showed me and max that it requires much planning and organization in order to live a stable life. We learned that you have to allocate your money wisely and balance it. There are various strengths and weaknesses to each different variation of a spending plan and often times we had to choose the benefits between buying or renting and saving or spending. There is never a clear answer in how to spend our limited funds and it is up to us to prioritize our spending. Prioritization when organizing a spending plan is paramount. We feel that this is the most important aspect of this project and will be a very important skill when we have to live on our own. This project was also very eye opening as we got to view in a somewhat limited scope what it is like to live in another part of America. Living in Southern California is quite different with sky high house pricing and other aspects unique to the region. I feel that this knowledge will benefit us when we graduate college and are faced with the task of living by ourselves because it is most likely that we will not end up living in Southern California and diversity of knowledge is what makes a person prepared for this.
10. Sources "Payroll Tax Calculator -Social Security and Medicare Contributions and Wage Limits - 2000 through 2011." Moneychimp. Web. June 2011. <http://www.moneychimp.com/features/fica.htm>. GasBuddy.com - Find Low Gas Prices in the USA and Canada. Web. 08 June 2011. <http://gasbuddy.com/>. "Auto Insurance Quote." Allstate. Web. June 2011. <http://www.allstate.com/>. "Electricity Prices by State." Electric Choice.com. Web. June 2011. <http://www.electricchoice.com/electricity-prices-by-state.php>. Zillow - Real Estate, Homes for Sale, Home Prices & Values. Web. June 2011. <http://zillow.com>. Cragslist. Web. June 2011. <www.craigslist.com>. "Natural Gas Prices - Energy Explained, Your Guide To Understanding Energy." U.S. Energy Information Administration. Web. June 2011. <http://www.eia.gov/energyexplained/index.cfm?page=natural_gas_prices>.
![Income Julian +$60000 Salary ,[object Object],- $3390 FICA ,[object Object],= $44364 Remaining Income Max +$45000 Salary ,[object Object],- $2543 FICA ,[object Object],= $35164 Remaining Income](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)