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    Jose Flores earns $40,000 per year working at KFC and is considering an $725 per month one-bedroom apartment. He also plans to buy a 2007 Cadillac CTS for $4,995 which would cost $80 per month for insurance. His other monthly expenses include a $65 heat bill, $120 electric bill, $43 phone bill, $325 for food, $135-200 for clothes, and $215 for his student loan payment. He has $2,000 in credit card debt and plans to invest $50 per month in mutual funds instead of a savings account.

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    Jose Flores earns $40,000 per year working at KFC and is considering an $725 per month one-bedroom apartment. He also plans to buy a 2007 Cadillac CTS for $4,995 which would cost $80 per month for insurance. His other monthly expenses include a $65 heat bill, $120 electric bill, $43 phone bill, $325 for food, $135-200 for clothes, and $215 for his student loan payment. He has $2,000 in credit card debt and plans to invest $50 per month in mutual funds instead of a savings account.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    14 views6 pages

    Financial Project

    Uploaded by

    api-313492000
    Jose Flores earns $40,000 per year working at KFC and is considering an $725 per month one-bedroom apartment. He also plans to buy a 2007 Cadillac CTS for $4,995 which would cost $80 per month for insurance. His other monthly expenses include a $65 heat bill, $120 electric bill, $43 phone bill, $325 for food, $135-200 for clothes, and $215 for his student loan payment. He has $2,000 in credit card debt and plans to invest $50 per month in mutual funds instead of a savings account.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 6

    Financial Project

    BY: JOSE FLORES

    Income

    Income Yearly: $ 40,000

    Income Monthly: $ 2500


    Income Weekly: $625
    Job: KFC Employee

    HOME OR APARTMENT
    Floor Plan: 800 Square feet
    Beds: 1
    Baths:1
    Price: $725
    This apartments
    are affordable
    for my income
    and is a good
    deal because I'll
    get place to
    sleep for an
    affordable low
    price.

    Maple Grove Apartments


    8600 Beech
    Sterling Heights, MI 48312

    Cadillac CTS 2.8L


    Car 2007
    - $4,995
    Insurance: $80

    Toledo, OH 74 miles away


    Miles: 103,00
    Gas: $20 times 4weeks = $100 per month

    Heat plus Electric Bill


    Heat bill: $65
    Electric Bill: $120
    Phone Bill:$43
    No Cable or Internet
    Food/Grocery:$325 and no going out
    Clothes $135-200 per month
    Restaurants not over $50

    Bank
    Student loan: $10,000 in debt
    with 2% interest
    Pay: $215 per month

    Credit Card: $ 2,000


    Chose CreditKarma.com
    because it gives you the most
    interest depending on how
    high, your credit score is.
    Instead of putting the $50
    dollars in saving account, Im
    goanna put it in mutual Funds
    account because it gives the
    most interest and buy a couple
    of stocks.

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