budget plan
DESCRIPTION
TRANSCRIPT
Lifestyle ProjectBy
Dane Tran
Desired Lifestyle: CHEAP
Sacrifices
X Telephone
X Credit card (cash-only)
X Cable TV
X Pets/Hobbies
X Vacation
Location: Fremont, CA
Lake Elizabeth
Career
• Registered Nurse
Annual Salary: $50,000
Gross Income: $4,166.66
Washington Hospital2000 Mowry Ave.
Fremont, CA 94538
Distance from apartment – 1.96 miles (5 minutes)
Bike to work! ~ ~ ~
Main Expenses(monthly)
Transportation
Auto Payments
• Lease - $233
• Repairs/Gas - $150
• License/Carwash - $30
$413
Lincoln Glen Apartments
4261 Stevenson Blvd. Fremont, CA 94538
Apartment
• 1 Bedroom• 1 Bathroom• 670 Sq. Ft.
Rent - $950
Amenities
1. Swimming pool
2. Free wireless internet
3. Air Conditioning
4. Dishwasher
5. On-site laundry
6. Free assigned parking
Utility Bills
Gas $20 Water/Trash $15
Electricity $50
Total = $85
Insurance
Health - $100
Auto - $255
Life - $15
$370
College Loans
After graduating… $25,000
15 years$150/month
Other Expenses
Medical Bills
Insurance – Co-pay $20 per visit Dentist - $50
Annual vaccination - $30
$100
Top 3 Stores
Furniture - $75
Groceries - $100
WinterHolidays
$200
Gifts
$25
$200
BankOnline Saving’s Account
• Annual Percentage Yield (APY): 1.49%• Compounded Annually• 5% of paycheck = $208.33/month ($2499.96/year)• Extra: $227.04/year
• Total annually:
$2727
Cash Flow
Salary Monthly
$4166.66
Annually
$50,000
Expenses $4032.69 $48,442.28
Savings $208.33 $2,727
Total CF $133.97 $4,284.72
What I Learned…
A salary of $50,000 is NOT ENOUGH even for a very cheap lifestyle.
Websites• http://www.wisebread.com/files/fruganomics/imagecache/blog_image_full/files/frugan
omics/blog-images/lovejob.jpg• http://www.pbase.com/es839145/animated_sky• http://www.whhs.com/about/contact-us• http://maps.yahoo.com/#mvt=m&lat=37.54757&lon=-
121.977675&zoom=15&q1=4261%20Stevenson%20Blvd.%20Fremont%2C%20CA%2094538%20&q2=2000%20Mowry%20Ave.%20Fremont%2C%20CA%2094538
• http://www.consumerspower.org/home_energy/billestimator.php• http://www.wireless.att.com/cell-phone-service/packages/packages-details.jsp?
q_package=sku3790236&_requestid=78604• http://www.autoinsurancetips.com/california-auto-insurance• http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx• http://ezinearticles.com/?Average-Auto-Repair-Costs&id=352747• http://www.trustmymechanic.com/leased_car_maintenance.htm• http://www.leaseguide.com/lease03.htm• http://quotes.automotive.com/?fp
=1,2,3&reset=1&dis=0136C594-1FD4-4A49-BFD08F34C636420A&smtc=Broad• http://www.leasetrader.com/2008_Pontiac_G6_GT_Sedan_146384.xhtml• http://www.apartmentreviews.net/renters-insurance.htm