Lifestyle ProjectBy

Dane Tran

Desired Lifestyle: CHEAP

Sacrifices

X Telephone

X Credit card (cash-only)

X Cable TV

X Pets/Hobbies

X Vacation

Location: Fremont, CA

Lake Elizabeth

Career

• Registered Nurse

Annual Salary: $50,000

Gross Income: $4,166.66

Washington Hospital2000 Mowry Ave.

Fremont, CA 94538

Distance from apartment – 1.96 miles (5 minutes)

Bike to work! ~ ~ ~

Main Expenses(monthly)

Transportation

Auto Payments

• Lease - $233

• Repairs/Gas - $150

• License/Carwash - $30

$413

Lincoln Glen Apartments

4261 Stevenson Blvd. Fremont, CA 94538

Apartment

• 1 Bedroom• 1 Bathroom• 670 Sq. Ft.

Rent - $950

Amenities

1. Swimming pool

2. Free wireless internet

3. Air Conditioning

4. Dishwasher

5. On-site laundry

6. Free assigned parking

Utility Bills

Gas $20 Water/Trash $15

Electricity $50

Total = $85

Insurance

Health - $100

Auto - $255

Life - $15

$370

College Loans

After graduating… $25,000

15 years$150/month

Other Expenses

Medical Bills

Insurance – Co-pay $20 per visit Dentist - $50

Annual vaccination - $30

$100

Top 3 Stores

Furniture - $75

Groceries - $100

WinterHolidays

$200

Gifts

$25

$200

BankOnline Saving’s Account

• Annual Percentage Yield (APY): 1.49%• Compounded Annually• 5% of paycheck = $208.33/month ($2499.96/year)• Extra: $227.04/year

• Total annually:

$2727

Cash Flow

Salary Monthly

$4166.66

Annually

$50,000

Expenses $4032.69 $48,442.28

Savings $208.33 $2,727

Total CF $133.97 $4,284.72

What I Learned…

A salary of $50,000 is NOT ENOUGH even for a very cheap lifestyle.

Websites• http://www.wisebread.com/files/fruganomics/imagecache/blog_image_full/files/frugan

omics/blog-images/lovejob.jpg• http://www.pbase.com/es839145/animated_sky• http://www.whhs.com/about/contact-us• http://maps.yahoo.com/#mvt=m&lat=37.54757&lon=-

121.977675&zoom=15&q1=4261%20Stevenson%20Blvd.%20Fremont%2C%20CA%2094538%20&q2=2000%20Mowry%20Ave.%20Fremont%2C%20CA%2094538

• http://www.consumerspower.org/home_energy/billestimator.php• http://www.wireless.att.com/cell-phone-service/packages/packages-details.jsp?

q_package=sku3790236&_requestid=78604• http://www.autoinsurancetips.com/california-auto-insurance• http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx• http://ezinearticles.com/?Average-Auto-Repair-Costs&id=352747• http://www.trustmymechanic.com/leased_car_maintenance.htm• http://www.leaseguide.com/lease03.htm• http://quotes.automotive.com/?fp

=1,2,3&reset=1&dis=0136C594-1FD4-4A49-BFD08F34C636420A&smtc=Broad• http://www.leasetrader.com/2008_Pontiac_G6_GT_Sedan_146384.xhtml• http://www.apartmentreviews.net/renters-insurance.htm