Monthly expenses
Julie Johnson
|
|
|
Current
|
Adjustment
|
Future
|
Comments
|
|
Housing
|
720
|
|
720
|
OK |
|
Car expense (includes $143 car payment
and $150 parking)
|
440
|
|
440
|
OK |
| Day
care |
260
|
|
260
|
OK |
| Medical |
|
70
|
70
|
Julie needs therapy and
medication; belt-tightening will make it happen. |
|
Telephone
|
30
|
|
30
|
OK |
| Utilities,
cable |
140
|
|
140
|
OK |
| Groceries,
household |
280
|
(30)
|
250
|
Fewer indulgences like
bottled gourmet coffee and commercially prepared peanut butter and
jelly sandwiches. |
| Clothing |
800
|
(750)
|
50
|
Can only afford
bare necessities. |
| Daughter's
allowance |
10
|
(10)
|
-
|
Money is frittered away
on toys. |
| Movies |
10
|
|
10
|
OK |
| Gifts,
holidays |
70
|
(40)
|
30
|
Friends and family will
have to be happy with tiny gifts and large love notes until the debts
are paid off. |
| Debt
payments |
190
|
50
|
240
|
Paying off debts is highest
priority. |
| Vacations |
70
|
|
70
|
Julie feels annual vacations
build family memories; this expense is not negotiable. |
| Pocket
money |
40
|
(20)
|
20
|
Part of belt-tightening
effort. |
| Saving
(for daughter's sports activities) |
20
|
|
20
|
OK |
|
Total monthly expenses
|
$3,080
|
$(730)
|
$2,350
|
Julie nets $2,350 a month. Includes
salary, tax refund and child-support payments. |
