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Monthly expenses
George and Gayle Franken
Current
Change
Future
Comments
Housing
$2,040
($60)
$1,980
Get rid of PMI.
Utilities
$390
$390
OK
Car expenses
$330
$330
OK
Medical expense
$40
$40
OK
Telephone
$40
$40
OK
Groceries
$300
$300
OK
Household
$100
$100
OK
Home repairs
$430
($270)
$160
No major repairs are on the horizon.
Clothes/laundry
$200
$200
OK
Movies
$30
$30
OK
Gym
$60
$60
OK
Recreation
$200
$200
OK
Student loan payment
$100
($100)
-
Use Gayle's temporary earnings to pay off student loan.
Magazines/newspapers
$40
$40
OK
Gifts
$50
$50
OK
Dining out
$200
$200
OK
Barber/beauty salon
$30
$30
OK
Travel
$170
$170
OK
Charity
$80
$80
OK
ATM withdrawals
$200
$200
OK
Saving
$70
($70)
-
$13,000 in savings should be enough.
Investing
$500
$500
Invest surplus in tax friendly mutual funds.
Total monthly expenses
$5,100
-
$5,100
George's current net income is $5,100.

-- Posted: May 4, 2001

 
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