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Deductions 1) Fed taxes, let’s say 20% after deductions 2) State taxes, let’s say 5% after deductions 3) Rent: you are just out of college. Sharing a two BR that is $800 per person. 4) Necessity budget: Food, clothing $ 500 per month 5) Cost to drive: $250 insurance, gas $350, repairs, tags, taxes, etc. $100 all per month 6) optional, Internet: High speed runs about $ 100 or so per month 7) optional, cell phone: about $50 per month 8) electric bill: let’s say it averages (your share) $ 100 per month 9) medical: A big one.. $ $450 month high deductible plan 10) optional: vacation budget, you will need to decide on this one 11) Fun and activity budget: $200 per month (or more?) 12) half of leftover in savings

budget Budget per month 1787.5 after all the deduction except for the car. Car: Nissan 2012 leaf SV Price: 8,995 Length of the loan: 36 months Interest rate: 1.99%

Calculations 6250- 1562.50=4687.5 4687.5-800-500-250-100-350-100-50-100-450-200=1787.5 1789.5-179=1605.5 1605.5/2=804.25 Final amount for amount of money available to spend freely=$804.25 Amount of money in the bank for savings=$804.25