Irene Lee and Stephanie Chen conclude their analysis of their annual expenses. They chose to live in an apartment in a safe area of San Francisco, which also came with amenities like WiFi and a gym membership. They were surprised by the high cost of food and taxes, which significantly impacted their spending on other areas. Healthcare costs were much lower than expected since they are young women. Transportation and utility costs varied depending on usage and location. Traveling was identified as an especially expensive extracurricular activity.

1. Irene Lee and Stephanie Chen
Conclusion
We wanted to live in a rich area and relatively expensive apartment. We figured that safe-
ty was more important than clothes or spending excessively on food. We picked an apartment on
501 Beale Street, which is in a good area in San Francisco. We learned that the amount we pay
for housing isn’t just the rental rate. We had to pay other fees, such as renter’s insurance and a
safety deposit. We also learned that the apartment could come with a lot of amenities such as free
wifi, furnishings, and gym membership.
We now understand that food is expensive. We eat the minimum amount of food ($25 a
day), and yet are still spending close to $10,000 a year on food.
We also realize why people hate taxes. It takes up around $20,000, and by our pie chart
one can see that this is one of our greatest expenditures. Taxes significantly hinder our ability to
spend money on other areas such as food, transportation, or Coachella concerts.
We were surprised at how little healthcare cost, compared to taxes. We were worried that
we had to pay a lot for healthcare, but we actually only had to pay $732 annually. We concluded
that this was because we are young women and don’t need much healthcare.
Transportation doesn’t cost a lot, but if we use it everyday, it adds up to a lot of money.
Just a $4 difference per day of transportation costs added up to more than $1,200 each year.
For Utilities, we learned that some houses don’t even use gas. Gas is mostly used for
stoves, so since we have an electric stove, we don’t have to spend gas money. Moreover, for dif-
ferent areas of the country, the electricity bill is very different. This phenomenon is mostly be-
cause of different climates, however.
We learned that extracurricular activities actually don’t take up too much money, except
traveling. We didn’t realize how costly traveling was, until now.

2. Irene Lee and Stephanie Chen
Because Sukie earned less than Raya, she found herself budgeting more carefully, chang-
ing a lot in the areas regarding extracurricular activities.