Financial Literacy: Mini Assignment After Learning about basic financial terms and calculations, it's time to put it all together in a mini assignment. The assignment is to design and reflect on a hypothetical situation: The Situation: Some time in the future, you have a job that pays you $1135.00 twice a month. You are living in an apartment that costs $850.00 every month, plus utilities (water, gas, electricity). You are currently taking the bus, which costs $65.00 per month, and trying hard to save $5000.00 to buy a car, for which you have saved $2000.00 already. You currently have an investment of $15000.00 locked in an account that pays 4.3% per year (this is viewed as an income). A couple of years ago, you made a large purchase on your credit card, and you are still paying it off. The credit card interest rate is 25%, and you still owe $1345.00. You are currently making a $65.00 per month payment towards it. Use the situation described above to fill in the budget outline below. For the items that you were not given costs, it is your job to estimate them (consider gettings bills from home, such as grocery bill, Rogers bill, Waterloo Hydro bill, etc.). INCOME