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A woman working full time at $7.25 an hour would make ________ per month. So that's our monthly income. Let's subtract our expenses.

Subtract taxes and Social Security Deductions, which will probably be about $200/month. ______

Subtract housing costs, and let's assume they live in the cheapest housing they could find in Atlanta. _________

Subtract food costs (usually 1/6 of your income): _________

Subtract electricity and water (this person probably can't afford cable): _______

If they are trying to go to school, they are going to need the Internet...or a car to get to and from a library quickly. Taking the bus to and from work and school would be challenging if you want to be everywhere on time. So subtract this cost (if you choose a car, consider gas, insurance, and monthly payments): _______

What if this person have a child in daycare? That's at least $120/week. Subtract those costs: ____________

What about a cell phone? If they have a child, won't the school need a way to reach them? Subtract that cost: _________

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92408623

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