By: Jack Rader
Yearly and Monthly Salaries
$21,000/12= $1,750 monthly
Loan Amount- $51,000
Monthly Payment- $360 (includes taxes and insurance)
Increased Monthly Payment (15%)- $410 (includes taxes and insurance)
-Increasing the amount Jenny pays each month by 15% will help her pay off her home in 25 years instead of 30, but this would greatly decrease her money and make her live on a tighter budget than she already is.
Utilities- About $120 monthly, depending on the season
Car Insurance- $75 monthly
Gasoline- $60 monthly
Entertainment and Phone
Jenny can spend about $100 each month on dining out and other activities and still have some money left that she can save.
146 W Warren Street, Gardner KS, 66030 for sale | Homes.com. (n.d.). Retrieved February 15, 2016, from http://www.homes.com/property/146-w-warren-st-gardner-ks-66030/id-600017826877/
Average cost for food per month for one person. (n.d.). Retrieved February 15, 2016, from http://www.loweryourspending.com/average-cost-for-food-per-month-for-one-person.html