2. Cancun, Mexico

3. Hotel RIU

4. Casa Rolandi Insalata Caprese Mozzarella cheese with slices of tomato and basil Entrecote Doppio 500grs cotto alla griglia di carbone Rolandi Big Rib Eye 18oz. cooked on the charcoal mesquite grill Entrecote Doppio 500grs cotto alla griglia di carbone Rolandi Big Rib Eye 18oz. cooked on the charcoal mesquite grill Casa Rolandi Isla Mujeres - Northern Italian Cuisine

5. Transportation Ultramar - Gran Puerto Cancun PassengersOne-Way including taxRound-Trip including tax 1 - 2$45 USD$85 USD 3 - 5$55 USD$95 USD 6 - 8$65 USD$110 USD

6. Total Costs Hotel Riu All-Inciusive All-Inciusive$1,400 Activities; Snorkling Snorkling SkiDo Rentals SkiDo Rentals Clubs Clubs Casa Rolandi; Insalata Insalata Ribeye Steak Ribeye Steak$50$110$200$11$32 Transportation Flight - JetBlue Flight - JetBlue Van Van$995$80 TOTAL$2,878

8. Net Income Gross Income $56,320 Deductions; Health Ins Health Ins Federal Income Tax Federal Income Tax Medicare Medicare RI State Tax RI State Tax (5%) $2,816 (25%) $14,080 (4%) $2,253 Net Income Monthly$34,918$2,909 Tax Brackets (Federal Income Tax Rates) 2000 through 2010 and 2011

9. Monthly Budget Shelter –Rent ( inclusions ) –Mortgage ( Take the sales price and a rate of 6% for 30 years) Transportation –Car (Loan (@ 6% for 5 years), Gas, Insurance, Taxes) –RIPTA (Schedule, Routes, Fares) Food –Complete a weekly grocery list (then multiply your total by 52 than divide by 12) Toiletries Heat / Electricity Cable / Internet Cell Phone Miscellaneous –Clothing –Hair cut / style Calculators by Bankrate.com

10. Example Example $450,000 30 years @ 6% = $2,697.98 = $2,697.98 Taxes $8,000 Insurance $1,200 –Total monthly cost= $3,464.65

11. SHELTER ROYAL MILLS –1100 SQ FT –1 BED, 1 BATH –$1,100 INCUDED –HEAT –HOT WATER Royal Mills Living

12. ELECTRICITY National Grid –Average bill for an 1,100 sq ft apartment is; $103.68 a month Welcome to National Grid Customer Charge$3.75/month Distribution Charge3.521¢/kWh Transmission Charge1.569¢/kWh Transition Charge0.068¢/kWh Energy Efficiency Programs*0.556¢/kWh

13. FOOD BREAKFAST Captain Crunch-$3.49 Soy milk (2 for $3) -$3.00 Yogurt (10 @.75each)-$7.50 Bagels (6 ct.)-$4.39 Cream cheese-$3.39 O.J. (2 @ $3.29 each)-$6.58 –Weekly Total-$28.35 MONTHLY TOTAL-$122.85

14. FOOD LUNCH Turkey (1/2lb) -$4.99 Landolakes cheese (1/2lb) -$3.99 Bread (2 loafs @ $3.59) -$7.18 Dunkin Donuts (est. budget) -$10.00 –TOTAL WEEK -$25.16 –TOTAL MONTHLY -$109.03

15. FOOD DINNER NY Sirloin (1 lb )$9.54 A1 Sauce $4.59 Potatoes (5 lb bag)$2.49 Frozen vegetables (16 oz bag @ $1.00 each)$3.00 Salad Mix (2 @ $2.50 each)$5.00 Italian Dressing$3.69 White Gem Chicken ($4.69 lb)$9.68 Macaroni & Cheese (2 @ $1.65 each)$3.30 Tuna Fish (4 pack)$5.99 Hot Dogs, Rolls, Ketchup (3.69, 3.49, 2.50 )$9.68 Salmon (1 lb)$9.99 –WEEKLY TOTAL $65.95 MONTHLY TOTAL$285.78

16. TOILIETRIES & COMMON HOUSEHOLD GOODS –Paper towels$15.98 –Toothpaste (4pk)$9.48 –Scope (2pk)$9.87 –Hairspray (2pk)$8.36 –Old Spice$12.98 –Trash bags$14.88 –Dish detergent$11.98 –Toilet paper$18.98 TOTAL FOR MONTH$102.51 SamsClub.com - Sam’s Club

17. TRANSPORTATION 2011 HYUNDAI SONATA –Lease-$159 –Car Ins-$115.39 –Taxes-$41.67 –Gas-$120 MONTHLY TOTAL-$436.06

18. STUDENT LOANS 4 years at Bryant University Repayment Plan Level Original Loan Amount $11,625.00 Current Balance $4,866.37 Subsidized Principal $4,858.80 @ 2.470% Accrued Interest $7.57 Total Paid $6,836.37 Principal Paid $6,766.20 Interest Paid $70.17 –MONTHLY PAYMENT$65.89

19. CABLE –Verizon Fios Bundle-$69.99 Including 1 box & remote $18.99 HBO $12.99 –TOTAL-$101.97 CELL PHONE –Metro PCS 4G, Unlimitded min & text-$50.00 –TOTAL MONTHLY COST$151.97 Verizon | Digital TV, Broadband Internet, and Phone Packages | FiOS Bundles Unlimited Cell Phone Plans - MetroPCS

20. MISCELLANEOUS Clothing$40 Haircuts$30 Entertainment$70 –Movies, Dinner, etc.. TOTAL $140

21. Mr A’s Monthly Budget Income East Providence East Providence $2,909.00 Expenses Fixed Expenses; Fixed Expenses; Apartment Apartment Hyundai Lease Hyundai Lease Car Insurance Car Insurance Car Taxes Car Taxes Student Loans Student Loans$1,100.00$159.00$115.39$41.67$65.89 Variable Expenses; Variable Expenses; Electricity Electricity Food Food Toiletries & Common Goods Toiletries & Common Goods Gas Gas Cable/Internet Cable/Internet Cell Phone Cell Phone Savings for Cancun Savings for Cancun Miscellaneous Miscellaneous$103.68$517.66$102.51$120.00$101.97$50.00$239.83$140.00 TOTAL EXPENSES $2,857.60

22. ANSWER THE FOLLOWING How much money is left over for savings? –Mr. A’s budget leaves $52.40 a month for savings. What other costs might you encounter in a given month? What will you miss the most from your current lifestyle if you won’t be able to afford it when on your own? Will you have enough money saved for your vacation after one year? Will you have to consider a different trip/career?