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use the information included below: I graduated from college 3 years ago and am looking to buy a house. I make $42,000 a year for
use the information included below: | |||||||||
I graduated from college 3 years ago and am looking to buy a house. I | |||||||||
make $42,000 a year for a salary. I get paid $1436.25 on the 1st and 15th. | |||||||||
My company does a 100% match on my 401K up to 6% of my salary, so I have been doing | |||||||||
that for the last 3 years and have that money and what they matched in my retirement account. | |||||||||
I also have been saving $200 a month for the last 3 years that is in my savings account. | |||||||||
As far as expenses, my rent is $800 a month. My renters insurance is $13/month. | |||||||||
Electric is about $75 a month and water is $25. Food generally is around $400 a month. | |||||||||
My car payment is $250/month and car insurance of $300 every 6 months and gas of $200/month. | |||||||||
My cell phone is $50/month, clothes average $50/month and fun money is about $100/month. | |||||||||
I tithed 10% of my gross income. | |||||||||
As far as what I own, my checking account is currently at $1,600. According to KBB, my car is worth $12,000. | |||||||||
However, I still owe $4,000 on it. I have a credit card that I pay off every month, but the current | |||||||||
balance is $545. I also own a laptop that I paid $2,000 for, but it is probably worth $600 currently. | |||||||||
I also own some basic furniture. I paid $3,000 for it, but if I had to sell it today, I would get about $500. |
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