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Financial Planning Final Project

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  • 1. Prospects Anals Amaro& Jose Gallegos

2. Incomes

  • Anals
    • Bi-weekly: $983.85
  • 3. Monthly: $1,967.70

4. Signing bonus: $5,000

    • Jose
      • Biweekly $1,113.07
    • 5. Monthly:$2,226.14
  • 6. Signing bonus: $3,000

Combined:Annually: $85,000Net Annually:$57, 000 Monthly net: $4,193.84 Bi-weekly net: $ 2,096.92 7. Careers

  • Surgical Technologist
  • Paralegal

-Assist in Surgical Procedures -Sterilize & Assemble Equipment / Area -Assist Lawyers in preparing for Closings, Hearings, Trials, & Corporate meetings -Prohibited from setting legal fees, giving legal advice, and presenting cases in court. 8. 7 Booth St #103, Gaithersburg MD 20878 9. Amenities include: Business Center, Pool, Exercise room, Billiards, Library 10. 11. Unit Amenities: Dishwasher,Balcony/Patio, Ceiling fans, ceramic tile, Drapes/Blinds, Garbage Disposal, High Ceilings, Vaulted Ceiling, Skylight, Walk-in closets, Washer & Dryer. 12. Major Purchases $2,223.93 Some of these were bought in doubles 13. Minor Household Purchases

  • $521.38

14. Electronics

    • Jose - $1640

47 in 1080p LG Widescreen LCD HDTV - $1,199.95 15. X-Box 360 250 GB - $299.99 16. 1 Sanyo Zio -W/Android Tech $139.99

    • Analis - $960

1 Sanyo Zio -W/Android Tech $139.99 17. CPU - $549.99 18. Monitor/TV 23- $269.99 19. Total Purchase costs

  • Jose and I agreed that I'd pay for the majority of the apartment furnishings since Jose would pay morerent.

20. We came to this conclusion because I make about - $360, I attained a bigger signing bonus, andI'd get driven to/from work.

  • Bonus: $5,000
  • -$2,776.07

21. -$521.38 22. -$960.00 23. =$1,294 Bonus: $3,000

  • -$1,000

24. -$1,640 25. = $360 26. Transportation

  • Joses Car:
    • Cost 4.5 grand
  • 27. Down payment: 1 grand

28. Monthly fee: $168.33 for 2 years 29. 5.95% Interest 30. At Carmax 31. Because of the close proximity/work schedules I get driven to/from work every day. 32. Budget DeductionsAnalis TotalSplit Deductions Jose Total Monthly Net $1,967.70 $2,226.14 Rent -750.00 $1267.70 $1750 -1000.00 $1226.14 Transport Car/Bus -168.33 $1057.81 Fuel -25.00 $1242.70 $60 -35.00 $1022.81 Fios-Cable/Internet -42.50 $1200.20 $85 -42.50 $980.31 Cell Phone - Cricket -55.00 $1150.20 -55.00 $930.31 Insurance-Farmers -75.00 $855.31 Food -90.00 $1060.20 $150.00 -60.00 $795.31 Charities* -75.00 $985.26 Entertainment/Misc -25.00 $960.26 -30.00 $765.31

    • * ASPCA -$20 Oceana -$20 WildLife Alliance -$20
  • 33. Rainforest Conservation Fund - $15