|
Monthly expenses
Joan and Bill Wilson
|
|
|
Current
|
Adjustment
|
Future
|
Comments
|
| Mortage,
real estate, taxes, insurance |
1,400
|
|
1,400
|
This is a stretch with
their debt load. |
| Utilities |
210
|
|
210
|
OK |
| Car
expenses (includes $300 car payment) |
570
|
|
570
|
OK |
| Medical
expence |
80
|
|
80
|
OK |
| Telephone
|
60
|
|
60
|
OK |
| Cable |
50
|
|
50
|
OK |
| Groceries/household |
300
|
(50)
|
250
|
Fewer expensive snacks. |
| Clothes/laundry |
170
|
(60)
|
110
|
Cut back until debts are
paid off. |
| Movies |
50
|
(20)
|
30
|
Rent movies from library. |
| Recreation |
80
|
(10)
|
70
|
Cut back until debts are
paid off. |
| Debt
payments |
850
|
600
|
1,450
|
Paying off debt and graduate
school are highest priorities. |
| Magazines/newspapers |
10
|
|
10
|
OK |
| Gifts |
100
|
(50)
|
50
|
Cut back until debts are
paid off. |
| Dining
out |
100
|
(10)
|
90
|
Cut back until debts are
paid off. |
| Barber/beauty
salon |
50
|
|
50
|
OK |
| Travel |
420
|
(300)
|
120
|
Cut back until debts are
paid off. |
| Pets |
40
|
|
40
|
OK |
| Education |
370
|
|
370
|
Graduate school and paying
off debts are highest priorities. |
| Charity |
10
|
|
10
|
OK |
| Cash
freed up from refinancing home |
160
|
(160)
|
--
|
Pay high interest debt
with freed-up cash. |
| Savings |
|
60
|
60
|
Develop the savings habit. |
|
Total monthly expenses
|
5,080
|
|
5,080
|
|
