1 / 32

Budgeting Adventures of a Superintendent and FBI Agent in Washington D.C.

Follow the humorous financial journey of Mark, a school district superintendent, and his roommate Kurt, an FBI agent, as they navigate their combined annual income of $128,079 while living in Baltimore, Maryland. Discover their monthly budgeting process, including housing, transportation, entertainment, and essentials, all while enjoying the excitement of life in the nation's capital. Together, they transform their apartment into the ultimate entertainment space, commit to savings, and face the challenge of unexpected expenses. Will they master the art of budgeting?

brooklyn
Download Presentation

Budgeting Adventures of a Superintendent and FBI Agent in Washington D.C.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Making a Personal Budget Mark Yocum & Kurt Schenck

  2. The Story of a School District Superintendent and his roommate, the FBI Agent….

  3. A Superintendent of a School District in Washington D.C. makes about $78,400 annually. An FBI Agent in the D.C. Area makes about $81,750 Scope the Salaries

  4. For A Grand Total Of… $160,150

  5. Don’t Forget the Taxes! • Adjusted Combined Income after Taxes is $128,079 • That’s $32,071 out the window! • Uncle Sam sure packs a punch!

  6. Monthly Budget $10,673 dollars per month to play with! hehehe

  7. Let’s Go To D.C. • Kurt and Mark decide that their place of employment will be Washington D.C. • The nation’s capital seems like a good place to work.

  8. Chillin` in Baltimore • Kurt and Mark decide that living in Baltimore is cheaper and more fun than life in D.C. • The commute to D.C. from Baltimore isn’t too bad either. • Go Orioles!

  9. Stratton Meadows • Our Apartment is at 7414 Brixworth Court Baltimore, MD 21244

  10. Apartment Details • 3 bedrooms, 2 bathrooms, split-level, 1208 sq. ft., pet-friendly, water, sewer, trash, air-conditioned, alarm system, dishwasher, garbage disposal, microwave, private balcony, powder room , walk-in closets, wall to wall carpets for the low price of… • $1040/month

  11. The Floorplan • $10673.25 • $1040____ • $9633.25 adjusted monthly budget

  12. The Cars…VROOM!!! • Kurt’s Car is a 2002 Ford Escape • Midnight Blue • $725/month

  13. Keep on Truckin` • Mark’s Car is a 2002 Pontiac Aztek • Aztek Yellow • $679/month

  14. Total Budget Kurt’s car/month Mark’s car/month Gas to use vehicles Amount Remaining $9633.25 $725.00 $679.00 $250.00 $7979.25 Adjust the Monthly Budget ….Again

  15. Groceries/Food Expenses • Mark and Kurt are PIGS…and they like to eat all the time, whether it be groceries, or grabbing a bite here and there, or taking the ladies out on the town  • Estimated food cost per month = $1035.00 • Adjust Budget $7979.25 - $1035.00 = $6944.25

  16. Let’s Have Some Fun!!!WOOOOO!!! • Entertainment is a good way to relax after a stressful day of work. • This includes movies, golfing, sporting events, bar-hopping, not to mention romancing fly hunnies.

  17. Entertainment/Fly Hunnies Cost • Entertainment is a major expense… • Estimated Cost of Entertainment per month = $1100.00 • Adjust Budget $6944.25 - $1035.00 = $5909.25 We Like To Party!!!!

  18. Technology…the Key to the Future • There is “cool stuff” we still want to make our lives and jobs easier. • Computer, cell phones, internet access, PS-2, DirectTV, Stereo/Entertainment System

  19. We’ve decided to pay for half of the computer now ($750) plus internet ($45/month) Playstation 2 runs for $300 and the monthly cost of our stereo-entertainment center is $450 Additional Cool Stuff

  20. Paying the Bills • Some of this stuff isn’t too expensive! • DirectTV costs $39.99 per month • The cell phones were free with a mail-in rebate and since Kurt and Mark have a joint plan, they only cost $40/month combined with 500 weekday minutes and 1000 weekend minutes.

  21. Current Budget Entertainment Center Playstation 2 Cell Phones Computer Internet Access DirectTV New Budget Amount $5909.25 $450.00 $300.00 $40.00 $750.00 $45.00 $39.99 $4284.26 DO THE MATH

  22. Where To Put It All ??? • Kurt and Mark decide that 3 bedrooms is more than enough living space…why should 2 people need 3 rooms? • Kurt and Mark decide to turn the third bedroom into the ultimate entertainment pad. • And every ultimate entertainment pad needs a pool table!

  23. The New Floorplan • Kurt and Mark renovate the master bedroom into a gaming center. • Pool table runs for $1525.00 from Ebay • 8 foot solid maple pool table with carved ram’s horns

  24. Current Budget Cost of Pool Table Cost of Renovation New Budget $4284.26 $1525.00 $500.00 $2259.26 The Game Room Rules!!Do the Math

  25. Take It To The Bank • Life is not all fun and games, and some money must be saved, invested, and banked for odds and ends. • Mark and Kurt, being responsible adults, decide to put $1500.00 per month into a savings account for emergencies.

  26. Kurt and Mark also decide to set $700 per month aside for clothes, just in case either one of them needs a new tie, or shirt, or suit jacket. Not to mention your occasional casual wear from Abercrombie. Abercrombie, etc.

  27. Current Budget Money Saved Clothes New Budget $2259.26 $1500.00 $700.00 $59.26 More Math

  28. Are We Done Yet? • It would seem that Kurt and Mark have covered every aspect of a monthly budget. An apartment, cars, clothing, food, entertainment, renovations, and savings for odds and ends. • Yet, there is still one vital subject that Kurt and Mark have not dealt with… • Will $59.26 be enough? Have Kurt and Mark made a terrible mistake?

  29. One Word…

  30. TANG

  31. Current Budget Tang expense Final Monthly Budget $59.26 $59.26 $0.00 Nectar of the GODS

  32. Works Cited • www.rent.net • www.stepfour.com • www.occupationalhandbook.com • www.irs.gov • www.ebay.com • www.clipart.com • www.nbci.com • www.carprice.com

More Related