Budgeting
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Budgeting Presentation Transcript

  • 1. Budgeting
    • Raya Gazae & Sukie Fontaine
    Stephanie Chen & Irene Lee Per. 5
  • 2. Overview
    • SUKIE FONTAINE
    • Occupation: Artist Manager
    • Initial Income: $45,000.00
    • Total Taxes: $12,241.50
    • Disposable Income:
    • $32,857.50
    • RAYA GAZAE
    • Occupation: Interior Designer
    • Initial Income: $60,000.00
    • Total Taxes: $18,970.00
    • Disposable Income:
    • $41,030.00
    Place of Residence: San Francisco, CA
  • 3. Taxes, Taxes, Taxes.
    • MS. GAZAE, you owe:
    • Federal Income Tax: $8,850
    • FICA (7.65% of gross income): $4,590
    • CA State Income Tax: $5,580
    • MS. FONTAINE, you owe:
    • Federal Income Tax: $5,100
    • FICA (7.65% of gross income): $3442.50
    • CA State Income Tax: $3,600
  • 4. Saving
    • 4% of adjusted income Sukie Fontaine (Total Savings: $1,800)
    • $1,200 Savings account at American Express
    • $600 Checking account at American Express
    • 1.15% APY
    • Raya Gazae (Total Savings: $2,400)
    • $1,900 Savings account at American Express
    • $500 Checking account at American Express
    • 1.15% APY
  • 5. What Do I Have Left?
    • SUKIE FONTAINE
    • Disposable Income:
    • $32,857.50
    • - 1,800.00
    • $31,057.50
    • RAYA GAZAE
    • Disposable Income:
    • $41,030.00
    • - 2,400.00
    • $38,630.00
  • 6. Housing Information 1,259 square feet Apartment (12th Floor) 1 car parking space 2 bathrooms 2 bedrooms 2 baths Unparalleled View of the Golden Gate Bridge
  • 7. Housing: Costs Costs Lease Term: 1 Year Deposit: $1,200 Living Cost: $27,600 annually Renter's Insurance Cost: $300 annually Total for the first year: $29,100
  • 8. What Do I Have Left?
    • SUKIE FONTAINE
    • Disposable Income:
    • $32,857.50
    • - 1,800.00
    • $31,057.50
    • - 14,550.00
    • $16,557.50
    • RAYA GAZAE
    • Disposable Income:
    • $41,030.00
    • - 2,400.00
    • $38,630.00
    • - 14,550.00
    • $24,130.00
  • 9. Utilities Electricity: $1,500 Water: $600 Phone: $720 $60/mo. 550 shared minutes (2 lines) Unlimited nights/weekends Unlimited mobile/mobile Free Wifi throughout the whole building Total: $2,820 for 1 year
  • 10. What Do I Have Left?
    • SUKIE FONTAINE
    • Disposable Income:
    • $32,857.50
    • - 1,800.00
    • $31,057.50
    • - 14,500.00
    • $16,557.50
    • - 1,410.00
    • $15,147.50
    • RAYA GAZAE
    • Disposable Income:
    • $41,030.00
    • - 2,400.00
    • $38,630.00
    • - 14,500.00
    • $24,130.00
    • - 1,410.00
    • $22,720.00
  • 11. Health Care
    • Raya Gazae
    • $732 annually
    • $61/month/person
    • PPO- Optimum Advantage HSA NG
    • $4,500 deductible annually
    • 0% coinsurance after deduction
    • Individual Coverage
    • Sukie Fontaine
    • $732 annually
    • $61/month/person
    • PPO- Optimum Advantage HSA NG
    • $4,500 deductible annually
    • 0% coinsurance after deduction
    • Individual Coverage
  • 12. What Do I Have Left?
    • SUKIE FONTAINE
    • Disposable Income:
    • $32,857.50
    • RAYA GAZAE
    • Disposable Income:
    • $41,030.00
  • 13. Transportation
    • Use of Bay Area Rapid Transit (BART) $5/day, 5 days/week
    • $1,300 per person
  • 14. What Do I Have Left?
    • SUKIE FONTAINE
    • Disposable Income:
    • $32,857.50
    • RAYA GAZAE
    • Disposable Income:
    • $41,030.00
  • 15. Food Raya Gazae: $9,125 $15 brunch, $10 dinner Sukie Fontaine: $9,125 $15 brunch, $10 dinner
  • 16. What Do I Have Left?
    • SUKIE FONTAINE
    • Disposable Income:
    • $32,857.50
    • RAYA GAZAE
    • Disposable Income:
    • $41,030.00
  • 17. Extracurricular Activities
    • Raya Gazae
    • Clothes: $5,100
    • Hair Products/ Makeup: $463
    • Furniture: $2,000
    • Presents for Sukie Fontaine: $3,000
    • Gadgets (new phones, ipods, etc.):$1,000
    • TOTAL SPENT: $11,563.00
    Sukie Fontaine Clothes: $4,000 Netflix Membership: $96 Coachella: $500
  • 18. What Do I Have Left?
    • SUKIE FONTAINE
    • Disposable Income:
    • $32,857.50
    • RAYA GAZAE
    • Disposable Income:
    • $41,030.00
  • 19. Conclusion/ Summary
    • Learned:
      • Taxes are EXPENSIVE
      • FOOD is expensive
      • Transportation
      • Renting costs
        • Worth it?
      • Utilities
        • Prices differ depending on location
      • Traveling costs more than you think.
  • 20. Thanks for watching!!