Done Expert Q&A Your friend has come to you and needs some help sorting out their finances. They have no plan in place and usually get to the end of the month, hoping to have some left over Here is your conversation around what they spend each month You - Let's start with rent, how much are you paying? Friend - Right now my place is $750 a month and my share of the utilities is $400. You - You obviously are not living in downtown Seattle at that price, and since we were Cougs together, how much are you paying on your student loan? Friend - It's coolam paying $250 a month for my student loans and throwing $100 a month at my credit card bill You - Is there a bigger balance on your credit card? Friend of course, but my credit company is cool and only wants $100. That is how I took Donald out for his 21st birthday. It cost me $500 but it's all good, I have room on my credit card You - We will circle back to that later. Do you still belong to that workout club and how are you getting around everywhere? Friend - Yeah the Tennis Club is $100 a month, but really is one of my favorite places and I am still paying $200 a month on my Ford escape to get around You -1 always that car, remember when we drove it to the Corgo? Sorry, I digress. I know you have to insure that car and your apartment and probably your health, what does all that cost you? Friend - The payment on all that is about $2003 month, but it automatically comes out on the 1st of the month, along with the $100 a month I am stashing into an Emergency Fund You - Well that is a smart move automating some of your bills and even starting an emergency fund, which we now calla Corona Cushion: Alright now the fun stuff, what is the damage for food and going out? Friend - I usually spend around $625 on food and let in say $250 a month just going out and having fun. I also want to give $25 a month to TEAM GLEASON(Seriously took him up) this year. Plus, I am coaching a group of 10-year old baseball team You - That is awesome! You have not mentioned any clothes? Friend - usually give myself $150 a month to buy something new. also know I will end up in about a 15% Effective Tax Rate (155 times 50,000 then divide by 12 months) for the year You - Good call on taxes But you will also pay 6.5% sales tax on the birthday party, food, going out and clothes, so we must add that in to Friend - Whout Never thought about that. So do Have any to invest? Question A How much is falling into the Past Choice bucket? Question How much in falling into the Society Choice bucket? Question C. What was an escampia of the Compassion Choice? Group of answer choices Team Gleason Student Loans Corona Cushion Tennis Club 3- How much are their total expenses What are TWO (2) recommendations you would give your friend now looking at their Money Buckets? Done Expert Q&A Your friend has come to you and needs some help sorting out their finances. They have no plan in place and usually get to the end of the month, hoping to have some left over Here is your conversation around what they spend each month You - Let's start with rent, how much are you paying? Friend - Right now my place is $750 a month and my share of the utilities is $400. You - You obviously are not living in downtown Seattle at that price, and since we were Cougs together, how much are you paying on your student loan? Friend - It's coolam paying $250 a month for my student loans and throwing $100 a month at my credit card bill You - Is there a bigger balance on your credit card? Friend of course, but my credit company is cool and only wants $100. That is how I took Donald out for his 21st birthday. It cost me $500 but it's all good, I have room on my credit card You - We will circle back to that later. Do you still belong to that workout club and how are you getting around everywhere? Friend - Yeah the Tennis Club is $100 a month, but really is one of my favorite places and I am still paying $200 a month on my Ford escape to get around You -1 always that car, remember when we drove it to the Corgo? Sorry, I digress. I know you have to insure that car and your apartment and probably your health, what does all that cost you? Friend - The payment on all that is about $2003 month, but it automatically comes out on the 1st of the month, along with the $100 a month I am stashing into an Emergency Fund You - Well that is a smart move automating some of your bills and even starting an emergency fund, which we now calla Corona Cushion: Alright now the fun stuff, what is the damage for food and going out? Friend - I usually spend around $625 on food and let in say $250 a month just going out and having fun. I also want to give $25 a month to TEAM GLEASON(Seriously took him up) this year. Plus, I am coaching a group of 10-year old baseball team You - That is awesome! You have not mentioned any clothes? Friend - usually give myself $150 a month to buy something new. also know I will end up in about a 15% Effective Tax Rate (155 times 50,000 then divide by 12 months) for the year You - Good call on taxes But you will also pay 6.5% sales tax on the birthday party, food, going out and clothes, so we must add that in to Friend - Whout Never thought about that. So do Have any to invest? Question A How much is falling into the Past Choice bucket? Question How much in falling into the Society Choice bucket? Question C. What was an escampia of the Compassion Choice? Group of answer choices Team Gleason Student Loans Corona Cushion Tennis Club 3- How much are their total expenses What are TWO (2) recommendations you would give your friend now looking at their Money Buckets