Home Paid Analysis

[1] You earn $500 a month, currently have $200 in currency, $100 in your checking account, $2,000 in your savings accounts, $3,000 worth of illiquid assets, and $1,000 of debt.

Personal loans and credit may not be all paid off, so there is an order for paying. For the loan of car, total expense is $1556*12*4=$74688, total interest is $49188, annual interest rate is 48.13%. For the utility loan, total expense is $933*12*3= $33588, total interest is $15588, and the annual interest rate is28.87%. For credit card, the interest is around 15%, the

I am a firm believer in taking care of home first, so I spend very little

If you don't have it and something goes wrong you could end up having to pay more. Always remember to buy the insurance and pay the monthly bill. Next I had to budget how much I spend on food and calculate a rough estimate. It still didn't mean I go out to eat as mush or buy to many groceries. I decided to put $100 in food each month and stock up on bananas for breakfast. Also have bring a lunch to work with a sandwich and a snack. I would have a cooked meal at home. I would only drink water and no pop. Eating cheap and eating healthy are too different things and are hard to do. I figured I would need to buy clothes each month for my job because I did have to look professional. I decided to spend $75.00 a month for my clothing. Then I had to have expenses for my personal pleasure. If I wanted to go see a movie or go out with a friend. I would spend $50.00 for my fun. Last, I put my money into my safely net. The safety net would help me if anything happened unexpectedly. Like if my car broke down or if I broke my arm. I would spend $450 in my safely net just in case something were to happen. You wouldn't think it would happen to you, but sometimes the bad luck hits

The solution to this problem is to set again your monthly expenses, and divide them into several categories, such as savings, taxes, transportation, housing, recreation, health, education,

We get 6 boxes of cereal per week, lucky charms. Per month of cereal (32 boxes) is $192.76. We get 15 packs per month of chicken flavored ramen or $60 per month. Lastly for dinner we have pizza, we get 30 per month which is $150. Total per month we pay $317.76 on groceries. For the miscellaneous we have many things. Some of the things include, diapers, “special” women products, soaps, and towels. The total for miscellaneous is $223.55. All together everything per month costs, $626.31.

Although some things Iprobably wont do I will make sure I have money in each of my finacial jars, even if I dont have alot of money. I found some the activitys strange considering I went into almost 400.00 dollars in debt. Before I would run out and spend all my money, I would make sure I had enough money to spend. I would not even consider putting myself into such a large financial problem.

We spend A total of $1328.52 on Miscellaneous the majority of that money is going to dental/medical. Also a lot of the money is going to clothes. Even though we eat ramen noodles, we have nice cars and a nice house. In total not to bad.

1. What information from your daily spending records could help you achieve your financial goals?

a mortgage, or rent, and other bills that are associated with living adds up to

Ask yourself how much can you afford each month once all your monthly bills have been paid?

AT time when hard work paid off was when i had to stay on top of my chemistry grade so i had to find a quiet place everyday where i could study for the test and finals so i was practicing everyday till midnight the best part was when i was studying i never gave up i just kept going till i got every problem right. during time school i went to the library study even more and more till i was fully ready and prepared for the coming final test. to myself i was like this hard work will pay off nowhere what as long as i keep going never gave up and put in some time on my learning and studying for hours. the other day i took the final test and got an 99% on it which wast that bad that hard work and putting time in to it really paid off. ill never ever

The area in which I spent the most was definitely transportation however, this expense was an absolute necessity that I could not avoid. Being raised to be conscious about my money spending habits and to always look for a bargain was not something I could necessarily put into practice concerning this area. Areas where I spent the least would have to be personal care and personal extras; there is always a great sale and or off brand personal hygiene product to be bought. When I don’t buy the flashy product with the pretty packaging and well known name I save a bit of money in the process. The fact of saving money on products like these is so liberating and I get a huge adrenaline rush out of it! As far as

Do not live a life that you cannot handle, spend within your means. Be honest with yourself, if you can’t afford something, don’t buy it! Affordability is much more than the amount of money in your bank account, it also is how long it will take for the money you spent to be back in your account. Think of your finances as a long term process, not a short term fix. This is also why you should limit your credit card usage. If you rack up your credit card and lose your sole source of income,

Figuring all of my bills together such as phone, cable, food, and insurance it would cost me about $670.00 a month. Also because shopping is something that I enjoy doing I would also have to estimate a $150.00 credit card bill each month.