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The Cost of Living

The Cost of Living. By: Nikhit Yamani, Cameron Matin, and David Pelekoudas. Taxes. Nikhit- Michigan. David/Cameron- California. 1040EZ- 5,756 Social Security- 2,016 Medicare- 696 State Income Tax- 4,464 Total Taxes- 12,932 Disposable Income- 35,068. 1040EZ-5,756 Social Security- 2,016

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The Cost of Living

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  1. The Cost of Living By: Nikhit Yamani, Cameron Matin, and David Pelekoudas

  2. Taxes Nikhit- Michigan David/Cameron- California 1040EZ- 5,756 Social Security- 2,016 Medicare- 696 State Income Tax- 4,464 Total Taxes- 12,932 Disposable Income- 35,068 • 1040EZ-5,756 • Social Security- 2,016 • Medicare- 696 • State Income Tax- 2,088 • Total taxes- 10,556 • Disposable Income- 37,444

  3. Saving (All in Bank) Nikhit Cameron/David Save only $100 dollars until student loans are paid off because we want to keep extracurricular activities. Assuming we can make up extra money if necessary in Las Vegas. • Save Only $500 dollars until student loans are paid off because I want to keep extracurricular activities. Assuming I can make up extra money if necessary in Las Vegas.

  4. Student Loans (All three of us) • With a $22,000 debt and a 3.5% interest rate, we each would owe $2610.60 a year and $217.55 per month for 10 years according to a bank calculator.

  5. Housing David- Irvine 2 Bed 2 Bath 1075 sq. ft apartment Deposit: $700 One Roommate Rent- 875 per month month to month rent Renter’s Insurance: $11 per month (State Farm) Nikhit- Ann Arbor 2 Bed 2 Bath with Den 1299 sq. ft apartment Deposit: $300 One Roommate Rent- 690 per month month to month rent Renter’s insurance: $8 per month (State Farm) Cameron- La Jolla 1 Bed 1 Bath 690 sq. ft apartment Deposit: $500 No Roommates Rent- 900 per month Month to month rent Renter’s insurance: $14 per month (State Farm)

  6. Health Care Nikhit- Michigan Cameron/David Blue Shield of California- Vital Shield Plus 2900 Generic Rx- $112 a month $2900 deductible $30 dollar per office visit • Blue Cross/Blue Shield of Michigan- $43.95 a month (keep fit plan) • $5,000 deductible • $40 co-pay per office visit

  7. Transportation Nikhit- 2013 Ford Fusion 24 month Lease $2000 down payment $218 per month Car Insurance-$210 a month (Allstate) Registration Fee- $125 Gas- $3.76 per gallon Cameron- 2013 Ford Focus 24 Month Lease $2000 down payment $218 per month Car Insurance- $260 a month (Allstate) Registration fee- $203 Gas- $4.22 per gallon David- 2013 Ford Fusion 24 Month Lease $2000 down payment $197 per month Registration fee- $203 Car Insurance- $285 per month (State Farm) Gas- $4.15 per gallon

  8. Utilities Nikhit- White Fence Bundle Internet, phone, and dish- $115 a month Water- $114 per quarter (3 months) Gas and Electric combined bundle- $110 average per month Total: $263 Cameron- Water, Electric, and Heat- $160 a month Gas Bill- $14 a month Cox Phone, Internet, and TV bundle- $100 a month Total: $274 David (not at home a lot due to golf)- Electricity- $70 a month Gas Bill- $15 a month Basic Cox Bundle (TV economy, internet essential, phone)- $75 a month Water- $30 a month Total: $190

  9. Food Nikhit- $125 a month for groceries $250 a month for eating out Cameron- $150 a month for groceries $225 a month for eating out David- $74 a month for groceries $300 a month for eating out

  10. Extracurricular Activities Nikhit- Michigan Football Season tickets- $390 HyperFit USA gym membership- $110 a month Detroit Lions Tickets- $200 for 3 games Las Vegas Vacation - $2200 Cameron- San Diego Chargers Season Tickets- $480 24 Hour Fitness pass- $20 bucks a month- 0 initiation Las Vegas Vacation - $1800 David- Golf Expenses- $2000

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