a single person with a car and an apartment would probably need about $1000 a week or $62,400 a year anything more than that and you are looking at someone who is poverty striken and has massive mortgage the simple fact of the matter is that people who have money live on less that guy who needs $200,000 belongs to the working poor if you ask me. just do a budget and you will see what I mean v v v INCOME: Wages and Bonuses $62,400 Interest Income Investment Income Miscellaneous Income Income Subtotal INCOME TAXES WITHHELD: $12,480 (20 Federal Income Tax State and Local Income Tax Social Security/Medicare Tax Income Taxes Subtotal Spendable Income EXPENSES: HOME: Mortgage or Rent $0 Body corporate fees $480
Home Repairs/Maintenance/HOA Dues $0 Home Improvements UTILITIES: Electricity $60 Water and Sewer do know Natural Gas or Oil Telephone (Land Line, Cell) $150 FOOD: Groceries $1,200 Eating Out, Lunches, Snacks $400 FAMILY OBLIGATIONS: Child Support Alimony Day Care, Babysitting HEALTH AND MEDICAL: Insurance (medical,dental,vision) $86 Unreimbursed Medical Expenses, Copays $70 Fitness (Yoga,Massage,Gym) $60 TRANSPORTATION: $1,500 Car Payments Gasoline/Oil Auto Repairs/Maintenance/Fees Auto Insurance Other Transportation (tolls, bus, subway, taxis) DEBT PAYMENTS: Credit Cards Student Loans Other Loans $230 ENTERTAINMENT/RECREATION: Cable TV/Videos/Movies Computer Expense Hobbies Subscriptions and Dues $70 Vacations PETS: Food Grooming, Boarding, Vet CLOTHING:
INVESTMENTS AND SAVINGS: 401(K)or IRA Stocks/Bonds/Mutual Funds College Fund Savings Emergency Fund MISCELLANEOUS: Toiletries, Household Products Gifts/Donations Grooming (Hair, Make-up, Other) $40 Miscellaneous Expense Total Investments and Expenses Surplus or Shortage (Spendable income minus total expenses and investments)
