Friday, April 11, 2014

Your Life Situation Card and A Budget

I was very surprised with the monthly income it really didn't cover anything! I don't think that budget in Redwood city can be survivable. A month I would have $1,504 and the apartment are about $1000. Plus we would have to put down a deposit as well as personal expenses and food expenses. The money would not be enough. Annual Gross income was $21,000 I think about 35,000 will cut it and be realistic to live in this area.

With the break down it showed how much we really spend. I feel like mandatory. Bills are most important like rent, food expenses, insures, then entertainment is last. We would have to be extremely budgeted and eat food that was at a lower price.

We couldn't afford anywhere in the Bay Area. We could barely afford renting and apartment to we looked for studios or rooms and it was still about $1000. The pros of renting the utility bills are included with the rent so you save your self some money, don't have to fix up home, pay property taxes. Also the deposit kills you because that's the only way you can buy or get the home, room, etc. because it over $1000.



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