Lifestyle Project By  Dane Tran
 
Desired Lifestyle: CHEAP
Sacrifices <ul><li>X  Telephone </li></ul><ul><li>X  Credit card (cash-only) </li></ul><ul><li>X  Cable TV </li></ul><ul><...
Location: Fremont, CA Lake Elizabeth
Career <ul><li>Registered Nurse </li></ul>Annual Salary: $50,000 Gross Income: $4,166.66
Washington Hospital 2000 Mowry Ave. Fremont, CA 94538 Distance from apartment – 1.96 miles (5 minutes) Bike to work!  ~ ~ ~
Main Expenses (monthly)
Transportation
Auto Payments <ul><li>Lease - $233 </li></ul><ul><li>Repairs/Gas - $150 </li></ul><ul><li>License/Carwash - $30 </li></ul>...
Lincoln Glen Apartments 4261 Stevenson Blvd.     Fremont, CA 94538
Apartment <ul><li>1 Bedroom </li></ul><ul><li>1 Bathroom </li></ul><ul><li>670 Sq. Ft. </li></ul>Rent - $950
 
Amenities <ul><li>Swimming pool  </li></ul><ul><li>Free wireless internet </li></ul><ul><li>Air Conditioning </li></ul><ul...
Utility Bills Gas $20 Water/Trash $15 Electricity $50 Total = $85
Insurance <ul><li>Health - $100 </li></ul><ul><li>Auto - $255 </li></ul><ul><li>Life - $15  </li></ul>$370
College Loans After graduating… $25,000 15 years $150/month
Other  Expenses
Medical Bills Insurance  –  Co-pay  $20 per visit Dentist - $50 Annual vaccination - $30 $100
Top 3 Stores Furniture - $75  Groceries - $100
Winter Holidays $200
Gifts $25
$200
Bank Online Saving’s Account <ul><li>Annual Percentage Yield (APY): 1.49% </li></ul><ul><li>Compounded Annually </li></ul>...
Cash Flow $4,284.72 $133.97 Total CF $2,727  $208.33 Savings $48,442.28 $4032.69 Expenses Annually $50,000 Monthly $4166.6...
What I Learned… <ul><li>A salary of $50,000 is NOT ENOUGH even for a very cheap lifestyle. </li></ul>
Websites <ul><li>http://www.wisebread.com/files/fruganomics/imagecache/blog_image_full/files/fruganomics/blog-images/lovej...
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Budget Plan

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Budget Plan

  1. 1. Lifestyle Project By Dane Tran
  2. 3. Desired Lifestyle: CHEAP
  3. 4. Sacrifices <ul><li>X Telephone </li></ul><ul><li>X Credit card (cash-only) </li></ul><ul><li>X Cable TV </li></ul><ul><li>X Pets/Hobbies </li></ul><ul><li>X Vacation </li></ul>
  4. 5. Location: Fremont, CA Lake Elizabeth
  5. 6. Career <ul><li>Registered Nurse </li></ul>Annual Salary: $50,000 Gross Income: $4,166.66
  6. 7. Washington Hospital 2000 Mowry Ave. Fremont, CA 94538 Distance from apartment – 1.96 miles (5 minutes) Bike to work! ~ ~ ~
  7. 8. Main Expenses (monthly)
  8. 9. Transportation
  9. 10. Auto Payments <ul><li>Lease - $233 </li></ul><ul><li>Repairs/Gas - $150 </li></ul><ul><li>License/Carwash - $30 </li></ul>$413
  10. 11. Lincoln Glen Apartments 4261 Stevenson Blvd. Fremont, CA 94538
  11. 12. Apartment <ul><li>1 Bedroom </li></ul><ul><li>1 Bathroom </li></ul><ul><li>670 Sq. Ft. </li></ul>Rent - $950
  12. 14. Amenities <ul><li>Swimming pool </li></ul><ul><li>Free wireless internet </li></ul><ul><li>Air Conditioning </li></ul><ul><li>Dishwasher </li></ul><ul><li>On-site laundry </li></ul><ul><li>Free assigned parking </li></ul>
  13. 15. Utility Bills Gas $20 Water/Trash $15 Electricity $50 Total = $85
  14. 16. Insurance <ul><li>Health - $100 </li></ul><ul><li>Auto - $255 </li></ul><ul><li>Life - $15 </li></ul>$370
  15. 17. College Loans After graduating… $25,000 15 years $150/month
  16. 18. Other Expenses
  17. 19. Medical Bills Insurance – Co-pay $20 per visit Dentist - $50 Annual vaccination - $30 $100
  18. 20. Top 3 Stores Furniture - $75 Groceries - $100
  19. 21. Winter Holidays $200
  20. 22. Gifts $25
  21. 23. $200
  22. 24. Bank Online Saving’s Account <ul><li>Annual Percentage Yield (APY): 1.49% </li></ul><ul><li>Compounded Annually </li></ul><ul><li>5% of paycheck = $208.33/month ($2499.96/year) </li></ul><ul><li>Extra: $227.04/year </li></ul><ul><li>Total annually: </li></ul><ul><li>$2727 </li></ul>
  23. 25. Cash Flow $4,284.72 $133.97 Total CF $2,727 $208.33 Savings $48,442.28 $4032.69 Expenses Annually $50,000 Monthly $4166.66 Salary
  24. 26. What I Learned… <ul><li>A salary of $50,000 is NOT ENOUGH even for a very cheap lifestyle. </li></ul>
  25. 27. Websites <ul><li>http://www.wisebread.com/files/fruganomics/imagecache/blog_image_full/files/fruganomics/blog-images/lovejob.jpg </li></ul><ul><li>http://www.pbase.com/es839145/animated_sky </li></ul><ul><li>http:// www.whhs.com /about/contact-us </li></ul><ul><li>http://maps.yahoo.com/#mvt=m&lat=37.54757&lon=-121.977675&zoom=15&q1=4261%20Stevenson%20Blvd.%20Fremont%2C%20CA%2094538%20&q2=2000%20Mowry%20Ave.%20Fremont%2C%20CA%2094538 </li></ul><ul><li>http:// www.consumerspower.org/home_energy/billestimator.php </li></ul><ul><li>http://www.wireless.att.com/cell-phone-service/packages/packages-details.jsp?q_package=sku3790236&_requestid=78604 </li></ul><ul><li>http:// www.autoinsurancetips.com/california -auto-insurance </li></ul><ul><li>http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx </li></ul><ul><li>http://ezinearticles.com/?Average-Auto-Repair-Costs&id =352747 </li></ul><ul><li>http:// www.trustmymechanic.com/leased_car_maintenance.htm </li></ul><ul><li>http://www.leaseguide.com/lease03.htm </li></ul><ul><li>http:// quotes.automotive.com/?fp =1,2,3&reset=1&dis=0136C594-1FD4-4A49-BFD08F34C636420A&smtc=Broad </li></ul><ul><li>http://www.leasetrader.com/2008_Pontiac_G6_GT_Sedan_146384.xhtml </li></ul><ul><li>http://www.apartmentreviews.net/renters-insurance.htm </li></ul>

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