Personal Finance Question
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Life has changed a lot for Peter in the last couple of years. He has been promoted at his job and his salary is substantially higher. He and Sophie purchased a home, and are expecting their first child in just two months! Using the information below, fill out an expense web for Peter and Sophie, and determine if they can afford their new lifestyle.
Income: $5750 per month
Income: $5750 per month
- Mortgage - $3155
- Taxes - $1200
- Groceries - $400
- Leisure, Clothing, etc - $265
- Utilities - $435
- Car Expenses (Loan, Insurance, Gas) - $425
- Savings - $150
- Baby Expenses - $250