Lifestyle Project

By: Jack Rader

Yearly and Monthly Salaries

30% x $30,000= $21,000 yearly


$21,000/12= $1,750 monthly

Home

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

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Transportation

Car Payments- $400 monthly and $4,800 yearly

Car Insurance- $75 monthly

Gasoline- $60 monthly

Food

$300 monthly for food

Entertainment and Phone

Phone (Cricket Wireless)- $40 monthly (unlimited talk and text)


Jenny can spend about $100 each month on dining out and other activities and still have some money left that she can save.

References


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