Personal Finance Question
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Peter is a 21 year old college graduate. He is beginning his first job next week. While he is excited about beginning a new chapter in his life, he is concerned that he will not make enough money to cover all of his expenses. Peter will receive a $943 paycheck two times each month.
Below are eight monthly expenses that Peter must pay each month. Write them in the surrounding boxes below and label them as either fixed or variable expenses. In the middle box, write the amount of money that Peter have left after he pays all of his bills.
Below are eight monthly expenses that Peter must pay each month. Write them in the surrounding boxes below and label them as either fixed or variable expenses. In the middle box, write the amount of money that Peter have left after he pays all of his bills.
- Rent - $725
- Groceries - $240
- Leisure, Clothing, etc - $165
- Utilities (includes heat, water, electric, cell phone, cable) - $250
- Student Loan - $75
- Car Loan and Auto Insurance - $235
- Gas - $70
- Savings - $50