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You can either use your own information or the information included below: I graduated from college 3 years ago and am looking to buy a

You can either use your own information or 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 retirment 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.

image text in transcribed

For month ending Cash Inflows Salary(take-home) Other income: Other income: Total Income $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Cash Outflows Fixed expenses Mortgage or rent Loon payments Insurance Other Other Total fixed outlows Variable expenses Food Clothing Electricity Telephone Water Transportation Personal care Medical expenses Recreation entertainment Gifts Donations Other $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Total variable outflows $0.00 Total Outflows $0.00 $0.00 Surplus (Deficit) Allocation of surplus Emergency fund savings Financial goals savings Other Savings

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