Real Life Math

Buying a Car

Life Expenses

Total Earnings Per Year: $40,000

Occupation: Social Worker


Cost Of Living


Housing- 35%

Per Year- $14,000

Per Month- $1,166.67


Taxes- 25%

Per Year-$10,000

Per Month- $833.33


Transportation- 10%

Per Year- $4,000

Per Month- $333.33


Gas-5%

Per Year- $2,000

Per Month- $166.67


Food- 15%

Per Year- $6,000

Per Month- $500


Savings- 5%

Per Year- $2,000

Per Month- $166.67


Medical- 3%

Per Year- $1,200

Per Month- $100


Miscellaneous- 2%

Per Year- $800

Per Month- $66.67

Big image

This Car is a 2013 Ford Escape 2WD S

This used Ford Escape is $14,710. The Ford Escape has only 38,108 miles on it and averages about 26 miles per gallon. This car is the perfect size and will last a while since it is not very old and there are not very many miles on it. This car is equipped with many safety features and has a GPS built in. This car is suitable for the future because it i has five seats and is perfect for a family.