Question

Help

Answer 1

@Vocaloid

Answer 2

wow

well let's assume you would be taking a mortgage on a house + paying for basic utilities such as:

electricity
natural gas
water
internet
phone service
trash collection

there's probably also a homeowner's fee associated with your neighborhood

then there's expenses to take care of yourself, let's assume you are living alone

so food, clothing, entertainment are also some things you can consider

this will require a bit of research, you can use your own home/residential are as a reference to figure out what the monthly bills for your utility would be

Answer 3

if you google "cost of living in ______[insert your city here]" you can get a good idea of what things cost where you live

Answer 4

oh, transportation is a good thing to consider

the average commute to work is 26 minutes, so you can figure out what type of car you'd want to drive, what the mileage is, and how much gas per month you would need, assuming you work, like, 20 days a month

Answer 5

any progress yet?

Answer 6

Yes right now im just seeing what the monthly budget would be for each thing

Answer 7

electricity-$50
natural gas-
water-$30
internet-$40
phone service-$30
trash collection-$10
homeowner's fee associated with your neighborhood-$450
Clothing-$50
entertainment-$200
transportation-$250

Answer 8

can you take a look at these costs and see if they are accurate

Answer 9

I wasn't sure about natural gas

Answer 10

these numbers will vary depending on where you live so there's no universal # to check

Answer 11

okay sounds good.

Answer 12

good, now you can add them up and see how much you would be spending each month

Answer 13

well I have to make categories first. Should I just do personal expenses versus home expenses

Answer 14

sure

Answer 15

you could also add a category for work expenses I guess, you can put transportation there

Answer 16

this is a pointless busywork assignment and i wouldn't waste your time being "detailed", unless it's wroth a substantial amount of your grade

Answer 17

in any case living expenses vary widely across cities to the point that unless you know exactly where you will be working none of this will be accurate or useful to you in the future yolo

Answer 18

So to cover this I would have to make 200,000

Answer 19

Monthly mortgage as in house mortgage, right?

Answer 20

yes

200,000 seems way too high, how did you get this #?

Answer 21

1,030

Answer 22

Is this accurate?

Answer 23

I found this google

Answer 24

Lol

Answer 25

on google *

Answer 26

look, expect to make between like 30k and like 80k, unless you're an engineering major like me lol

Answer 27

good, so you would add the mortgage to the expenses you have already calculated to find the total monthly expense for #1

to get an idea of whether this is "realistic' or not try multiplying it by 12 to find the yearly income, then decide whether this is a realistic income for you or not

Answer 28

okay so add 1,030 + 1,150 =2,180

2,180 * 12 =26,160

Answer 29

lmao where is your rent? 450???

Answer 30

good

then to determine whether this is realistic or not, think about your current skill set/education level and what kind of job(s) might be available to you right now based on that skill set

Answer 31

you need to pay off your mortgage, if you're gonna go vocaroo's route and shaft yourself with owning a home