Monthly Budget Project on $150,000 By: Emily & Bailey
Government Programs Due to the salary amount per year that we make we do not qualify for any government programs.
Cars 2014 Sierra 3500 Denali HD 2013 Suzuki Grand Vitara
Car Payment and Insurance $20,000(2013 Suzuki Grand Vitara) + $50,000(2014 Sierra 3500 Denali HD) = $70,000 $70,000 / 60(payments) = $1,167 $1,167 + $200(car insurance) = $1,367
Car Gas (Suzuki Grand Vitara) 415(average miles per month)/22(mpg)=18.86(gallons per month) x $3.40(price of gas) = $64.14(price of gas) (Sierra 3500 Denali HD) 415(average miles per month)/30(mpg)=13.84(gallons per month) x $3.85(price of diesel) = $53.26(price of gas)
Health Insurance Due to the types of jobs that we have, the health insurance is included with our job giving us Company Sponsered Health Insurance that we pay nothing for.
Child Care Jessie W, 21 year old babysitter from Montoursville, PA with 5 years of experience and a background check available upon request Montoursville, PA | 21 yrs old | 5 years experience | part-time $10-15/hr $15(per hour) x 8(hours per day) = $120(per day) x 20(work days per month) = $2,400(per month)
House
Utilities Gas, Electric, Heat - $300 Water & Sewer - $100 Trash_D&W Disposal - $30 Cable & Internet_Comcast_Xfinity Triple Play - $80 Cell Phone_Verizon_2 cell phones - $100
Student Loans $114,000(total student loans)/ 240(payments for 20 years) = $475 (per month)
Kids College Fund 2% of every paycheck 2% of 9,375(monthly budget) = $187.50(money put away for one kid) x 2(kids) = $375(money put away for two kids per month)
Retirement Save 8% of every paycheck 8% of $9,375(monthly budget) = $750(money put away every month)
Vacation
Vacation Prices $549(ticket price per person) x 4(people) = $2,196(full price of trip) / 12(months) = $183(monthly payment)
Recreation $100
Clothes & Food Clothes- $100 Food- $800
Pets Small dog_Chihuahua - $20 Large dog_German Shepherd - $40