College: For me to attend the University of California Irvine and get a masters degree it would cost me $24,856 a year and $149,136 for 6 years. My student loan after graduation will also cost me $400 a month.
Home: I chose to own a home located at 2235 Northside Dr, Montebello, CA 90640 that has 3 bedrooms and 2 bathrooms that will cost me $550,000 and with a 30 year mortgage will be $2,583 a month.
Vehicle 1: For my family of 4 the two cars I have chosen are the 2020 Volkswagen Jetta 1.4T SE that will cost $17,899 with a 5 year financing, will cost $339 a month.
Vehicle 2: The second car is the 2017 Honda CR-V EX that will cost $18,998 with a 5 year financing, will cost $359 a month.
Groceries/Food: For my family of 4 with an average of $50 per person/ per week for groceries/ food, it will cost $800 a month for groceries/food.
Internet: It will cost $150 a month to have cable and internet in my house.
Electricity: It will cost $300 a month to have electricity in my house.
Cell phone: The cell phone company that I decided to sign up with is Verizon and it will cost me $140 a month for my wife and myself
Child Care/ Daycare: At the cost of $808 a month for a 2 year old, and $636 a month for a 4 year old. In total it will cost $1,444 a month for my two children to attend Child Care/ Daycare.
Miscellaneous/ Entertainment: It will cost me $2,000 a month for miscellaneous/ entertainment.
Savings: I will save $809.68 a month for a rainy day.