Project 1 - LIVING A MINIMUM LIFESTYLE ON MINIMUM
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Introduction: For many of us, our very first job consists of some entry level,
This type of job is a great way to earn spending money, but could we support ou
is of some entry level, minimum wage job.
cy, but could we support ourselves making a
by ourselves, pay all of our own bills, and buy
pute yearly expenses for a person who lives a
all of our own food? In this project, you will compute yearly expenses for a perse
modest lifestyle. Then you will prepare your own budget
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Procedure:
Lasted here are the expenses of a person who lives on a tight budget. Note that this person
does not have money budgeted for movies, vacations, or going out to eat. Using the di
given here, calculate the yearly expenses.
Res
EXPENSES
Water - $12.04/month
Electricity - $20.02/month
Heat - $33/month (year-round average)
Food - $28/week (using coupons)
Household Cleaners, Soap, etc. - $30/month
Laundry - $5.00/week
Gas for Car - $15/week
Auto - (Older Model) $100/year (cost)
$120 per 6 months (insurance)
$500/year (maintenance)
Medical - $80/month insurance
Clothes, Shoes, etc. - $100/year (second hand)
Furniture, Kitchenware, etc. - $100/year (second hand)
Rent - $290/month (1 bedroom apartment)