FINANCIAL LITERACY PROJECT

BY STORMIE WEAVER

MY OCCUPATION ( graphic designer )

Annual income ( $40,390.92 )

Degree needs ( business degree )


COLLEGE ATTENDING ( Abilene Christian University )

Tuition per semester ( 4,973.25 )

Total tuition to obtain degree ( 39,786 )

School loan terms ( 4 YEARS with 4.6 interest )

Additional interest after two year deferment ( 1,646.30 )


Address ($149,990)

loan terms ( 30 years with 3.79% )

monthly payment ( 698.04 )

total interest ( 1364.4 )


vehicle ( $1200)

loan terms ( 3% with 48 month loan )

monthly payment ( 221.35 )

total interest ( 1600)


TOTAL INCOME 3365.91

MORTGAGE 698.04

CAR 221.35

LOAN 354.22

UTILITIES 8% 269.27

FOOD 14% 471.22

INSURANCE 4% 134.63

GAS 5% 168.29

CELL 6% 201.95

CLOTHING 4% 134.63

ENTERTAINMENT 8% 269.27

SAVING 10% 336.59


I learned that money goes by very quickly and that most things like food and clothing costs a lot of money. My experiences taught me that parents do a lot for what we have and we should respect them more. I only have $102 dollars a month which is not a lot for all the work I will be doing. we need to cherish every penny because money is hard to get.


My car was too much for my monthly income so I had to buy a cheaper car. I also had to buy a different house because it was $456 over what I had planned to pay. I only have $102 a month left over. my job only pays about 40,000 dollars a year so I have to adjust my spending until I get a promotion or a new job.


When I started I thought I would buy a mansion and have tons of money but after this project I realized that you have to start small and then work hard to get more money. My car costs $1200 which is very cheap, but I will get a better car when I get a promotion or a better job.