# Financial Literacy

The goal of this project is to spend money on needed things in life but first we need to choose a career. I am a computer programmer and my gross annual income is \$76,140.  My tax rate is %15  so my total tax is \$11,421. My annual net income after tax is \$64,719. 64,719 divided by 12 months equals \$5,393.25 per month. 10% of that will be my savings(\$539.33).

The total money i can spend for a home is \$1,887.74 because it is 35% of the amount I have a month. I spent \$1,075 on housing and\$300 on utilities. The total money I spent was \$1,375 per month. When i finished paying, had \$3,478.92 left over.

I had bought a Mustang and i spend \$381 on car payment, \$150 on car insurance and \$180 on gas each month. I can only pay \$808.99  total on a car but I really spent \$711. After I paid that I had \$2,767.92.

I buy stuff at the store that will last me a month. I buy chicken, bananas, bread, cheddar, milk, juice, water, bacon, turkey, mozzarella, grapes, strawberries, watermelon, ham, beef, Takis, and eggs. I spent \$81.19 total on groceries and after I paid i had \$2,686.73 left over.

# Even More Expenses

I spent \$200 on clothing, after that I had \$2,486.73. Then I spent \$500 on entertainment, \$100 on 1 dog, \$150 on health insurance, \$80 on a phone, \$500 on restaurant, and \$500 on fun \$\$\$\$\$. All of that is per month. All with that money spent, I had \$656.73 left but then i added that money to my savings so i could have a balanced budget. My original amount of savings  was \$539.33 but since i had extra money then I had to add 539.33 to 656.73 and my total savings were \$1,196.06. After I put all that money into my savings, I had exactly \$000,000,000,.00 left over and that meant I had a balanced budget.

Now that same process will continue and cycle through the year and my life until I quit, be fired, or retire as a computer programmer.