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    This document outlines a financial plan for living at home and working over the next year. It estimates $850 per month in part time work income, no living expenses as parents will pay room and board, and $610 per month in total expenses including car payments, gas, insurance and entertainment. This leads to an estimated $240 per month or $2,880 annual savings while living at home and working part time over the next year.

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    This document outlines a financial plan for living at home and working over the next year. It estimates $850 per month in part time work income, no living expenses as parents will pay room and board, and $610 per month in total expenses including car payments, gas, insurance and entertainment. This leads to an estimated $240 per month or $2,880 annual savings while living at home and working part time over the next year.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    27 views1 page

    Plan

    Uploaded by

    api-270538743
    This document outlines a financial plan for living at home and working over the next year. It estimates $850 per month in part time work income, no living expenses as parents will pay room and board, and $610 per month in total expenses including car payments, gas, insurance and entertainment. This leads to an estimated $240 per month or $2,880 annual savings while living at home and working part time over the next year.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    PLAN "A"

    Financial Budget for your next step"Living at home and working"


    Calculate you financial needs and income for July 2014 to June 2015

    Part time work (approximate earnings per month)


    $850
    Full time work (approximate earnings per month)
    $0
    Savings already accumulated (RESP = $21500)
    $850
    Total
    Expenses
    Living at home costs. Will you pay? Yes/No
    $0
    Room and board (per month)
    $0 (parents pay as long as Im in school)
    Cell phone costs (per month)
    $0
    Car payments (per month)
    $200
    Gas for your vehicle (per month)
    $210
    Car insurance (per month)
    Entertainment costs (per month)

    $200
    X12= $2400

    Total

    $610

    Cost calculation
    Total income (work and savings) minus total expenses $240
    Multiply by 12 because I will be taking a year off $2880
    Will you be able to save enough money? Yes/No
    Is there a big ticket item that you will be saving for? Yes/No

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