Budgeting Project

By: Alyssa Kruder

Schooling

University

I used The university of SMU Dedman School of Law

  • Degree: Doctorate
  • Tuition Cost Per Semester: $22,271
  • Total Tuition: $445,420
  • School Loan Terms: A= $445,420(1+.068)^5= $618,907.83
  • Additional interest for a 2 year deferment: 445,420(1+.068)^7= $705,941.12
  • School Loan after deferment: $705,941.12

Budget Outline

Budget

  • Savings: $950.32
  • Housing: 3,930.75
  • Transportation: $1,010
  • Living: $913.47
  • Family: $258.98
  • On me: $40

Transportation

  • Car: 2015 Chevrolet Corvette Z06
  • Total cost of car: $50,000

1.Monthly Payment: $500

  • Insurance company: Alstate

1. Monthly cost: $310

  • Total Spent: $1,010

Housing

  • Address: 2237 Veranda Ave. Trophy Club, TX 76262
  • Purchase Price: $800,000
  • Mortgage: $3,219,83
  • Electricity-

Company: Coserve

Price per Kilowatt hour: 12¢

Price per month: $95

  • Internet-

Bundle with cable: YES NO

Company name: Dish

Monthly cost: $50

  • Insurance-

Company Name: Alstate

Coverage: Theft Fire Flood Natural Disaster

Monthly cost: $65.92

  • Total spent on Housing: $3430.75

Living

  • Average Grocery Cost: $489.62
  • Phone-

Company: AT&T

Plan: Unlimited

Monthly Cost: $75

  • Clothing: $32
  • Entertainment-

Movies: $40

Ben & Jerry Ice cream shop: $11.60

Roller Skating: $30

Average monthly cost: $81.60

  • Total Spent on Living: $767.82

Family

  • Married: YES NO
  • Children: YES NO

Amount: 1 boy

  • Child care

Company name: Grandma and Grandpas house

Monthly cost: $0

  • Health Insurance

Company Name: Through Work

Monthly cost: $200

  • Total Cost for Family: $200

Grocery List

  1. Milk
  2. bread
  3. Eggs
  4. Butter
  5. Asperagus
  6. Cheese
  7. Lunch Meat
  8. Broccoli
  9. Celery
  10. Cucumbers
  11. Corn
  12. Romain lettuce
  13. Potatoes
  14. Bannanas
  15. Cane sugar
  16. Ben & Jerry ice cream
  17. Garlic
  18. Chicken
  19. Bread Crumbs
  20. Salmon
  21. Tuna
  22. Steak
  23. Pasta
  24. Ground Beef
  25. Parmesean Cheese
  26. Shrimp
  27. Honey
  28. Onions
  29. Orange Juice
  30. bacon
  31. tomatoes
  32. Chips
  33. Snack cakes
  • Total: $357.99