# Living The Life

## Total

The total for a single person like me is \$2647.98 is relatively accurate due to research that the average American household earns \$63,784 before taxes, which amounts to bringing home \$51,100.From that amount, they spend \$9,004 on transportation, \$6,602 on food (of which \$2,625 is spent at restaurants and \$3,977 is spent on food eaten at home), \$5,528 on insurance and pensions, \$1,604 on clothes, \$2,482 on entertainment, \$17,148 on housing, \$3,631 on health care, \$1,834 on cash contributions (donations and legally required spousal and child support), and \$3,267 on other expenditures, with a spouse I will likely spend over, but I spend lower than that so the amount I spend is quite reasonable.

## Savings

At the end I have a total of \$268.69 left in case of emergencies, but I am using \$100 of this leftover to invest in a stock for a year. In a year according to my calculations if there is a rate of 7.34% for 5 years then I will have a total of \$7,233.90 in investments and with that overall I have \$168.69 left for myself.

## Car

The minimum payment monthly is \$450.02. This is a pretty reasonable amount due to it's high value. The work is shown in my paper. I divided the rate and the month and the year to the total value of the car which is \$23,000.

## House

Wells Fargo, site provided me with a 4.1% fixed rate for a house for 30 years. I have to pay a total of \$1021.96 monthly with the house that I picked which is \$211,500. Four percent is a reasonable mortgage due to the 30 year span of paying the house back. In a \$300,000 house \$2,000 would be the basis of paying back the loan as quickly as possible. So, this mortgage rage is relatively fair.