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Samantha is 29 years old and works as a software engineer. She works full time. She is paying off her student loans and saving
Samantha is 29 years old and works as a software engineer. She works full time. She is paying off her student loans and saving money for a down payment on a house sometime in the next 5 years. Therefore, she is also putting money aside every month for her house buying fund. Samantha lives in a condo with a roommate and they evenly split rent and other household expenses. She contributes to her company's 401(k) and has 3 months' worth of emergency savings. Her next big purchase as summer approaches is to buy a window unit air conditioner. Vital Stats Her pre-tax salary is $61,700; tax rate of 20% Samantha shares an apartment with a friend and her share of the rent is $850; gas and electricity are included. Her car is leased; she pays $360 for car payments and insurance Gas for her car costs $125 each month She puts $250 per month into her own house fund An international trip with friends this summer will cost $1,700 Samantha's charitable contributions are 10.5% of her gross monthly income (this includes tithing) She still owes $12,376 in student loans at 5.8% interest. She pays $350 per month She splits the cost of cable and internet, her share is $47 per month Her cell phone plan costs $67 per month She contributes 7% of her salary to the company 401(k) and her company matches 50% Miscellaneous expenses are about $320 per month Her company subsidizes health insurance; her share is $135 per month Home Improvement Plan Samantha wants to purchase an air conditioning unit that is large enough to cool her bedroom and office which are connected. (see attached floorplan) She wants to find the smallest and least expensive unit that is also powerful enough to cool the space. Hint: this is a volume problem! Home Improvement Plan Interior Spaces designed exclamively pou you Anita Thompson. Interior Designer Phone: 503-692-6077 email: anitathompson@usa.net 15.50' Bedroom & Office 10.00 15.75 8' x 9' 2.50' 8.25' O W 6.75 5.00 Home Improvement Plan Samantha wants to purchase an air conditioning unit that is large enough to cool her bedroom and office which are connected. (see attached floorplan) She wants to find the smallest and least expensive unit that is also powerful enough to cool the space. Hint: this is a volume problem! Variable Expenses Some of Samantha's variable expenses over the last few months Clothing Month 1 $86 Month 2 Month 3 Month 4 $124 $31 $132 Manicure $0 $35 SO $35 Haircut $0 $0 $65 $0 Groceries $142 $147 $218 $67 Entertainment $99 $127 $320 $35 Dentist $527 $0 SO $0 Car Maintenance $34. $0 $0 $34
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