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Chart - Budget Project Kris Jenner Per 2 Mrs Williams Table...

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Budget Project Kris Jenner Per. 2 2/26/09 Mrs. Williams
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Table of Contents Section 1: Estimated Income Section 2: Buying a Place to live Section 3: Renting a Place to live Section 4: Final Decision on Shelter Section 5: Transportation Section 6: Monthly Expense Statement Section 7: Taxes Section 8: Final Reflection: Scarcity and Opp. Cost
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Section 1 Psychologist a) $ 70,000 annual income b) Married- spouse doesn’t work c) 3 children-ages 15,17,19 d) 15,000 $ savings e) Student loan 200 $ month/ college tuition for oldest is 2,000 a year.(4,400$) Disposable Income: $70,000 X .6 = 42,000 Yearly $ 42,000 / 12 = 3,500 Monthly Discretionary Income: $42,000- 4,400 = 37,600 Yearly $3,500- 367 = 3,133 Monthly Married Single Benefits Discussing a finance with another person More affordable don’t need to provide for family Decision This is an important decision because I am going to spend the rest of my life with this certain person The decision is made personally be me. No one to agree or disagree on decision I made. Opportunity Cost Have a family If I don’t want to be single I can date or get married Benefits Forgone Having children which I can love. Less expense, providing only for myself. Monthly Discretionary Income: 3,133 Amount of Money in savings: 15,000
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Section 2 b) My plan is to purchase a home in Pleasanton for my family in Pleasanton, California which is 189,950. This house isn’t old it was made in 2003, it’s near the freeway which is easy for me to commute from. With my salary, I can afford this 2 bed/bath house. Master bed room is for me and my wife and the other room is for my 3 children. c) Buy Rent Benefits Owning your property Affordable Decision Important decision because I am purchasing a home with a 30 year finance. Not as Important as buying or owning a home. Less responsibility.
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