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Economic Budgeting Project
Updated: 2/18/2020
Economic Budgeting Project
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Storyboard Text

  • Rent
  • Taxes/Amazon Fresh(Grocery Pricing)
  • Future Expenses/Savings
  • $900 a month for the apartment's rentUtilities Cost- $210 per month(light, water, gas, etc.)Apartment Link- https://www.zillow.com/homedetails/2023-Gentryside-Dr-8099851-Houston-TX-77077/2081530635_zpid/
  • Used Car
  • 600 in Taxes$1,800 left after taxes$250 per month in groceries/$62.50 per week
  • Project Question
  • Retirement Fund-$180 per monthEmergency Fund-$100 per month
  • Auto Loan
  • Cost- $4000 2009 Dodge Charger SXT 113,000 Miles https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?listingId=543922469&zip=77077&referrer=%2Fcars-for-sale%2Fsearchresults.xhtml%3Fzip%3D77077%26startYear%3D2006%26maxMileage%3D150000%26sortBy%3Drelevance%26maxPrice%3D4000%26incremental%3Dall%26firstRecord%3D25%26marketExtension%3Dinclude%26searchRadius%3D75%26isNewSearch%3Dfalse&startYear=2006&numRecords=25&maxPrice=4000&firstRecord=25&searchRadius=75&makeCode1=DODGE&modelCode1=DODCHAR&clickType=listing
  • Scarcity, wants, tradeoffs, etc. affected me during this activity by making me change my decisions on how to budget due to having only $2400 of income per month for this project. If I had $200 less than the $2400 I had to budget with then I'd make savings/grocery/retirement budget cuts. If I had $200 more than the $2400 I had to budget with then I'd most likely have a larger grocery bill/savings towards an Xbox One or PS4 since that's entertainment and I don't have those yet in this project.
  • $65 Month for 48 months at 3.3% APR Estimated Total Finance- $2,900Estimated Total Interest- $200 Estimated Loan- $3,100Gas- $70 per month
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