Budget Conclusion

By doing this budget project I realized that I could not afford the things that I would like to buy. I had to get the least expensive ones that were within my budget. I also learned that without a college degree I can't have a better income. I realized that by having a college degree i could have a better income and afford better things and even have extra money and live a better life. I could also of had left over money to buy some more things but only if I had gotten a college degree. So college is very important.

How to get Around

Now lets talk about my car and my credit card. The car that I am purchasing on monthly payments, it's an okay car for the the monthly payments. It gives me 35 mph so I only pay an average of $101.50. I used the credit card for groceries and emergencies. That way my monthly payment would be low and the interest would be low as well. I want to keep the monthly payment low because that's going to be an extra payment that I would have to make each month.

Extras

Again do to my budget I could not afford the best packages that I wanted. For example, I wanted to get the $49.95 package from Time Warner Cable but I had to get the $29.99 package from Dish because that's what could fit in my budget. On my cell phone I had to get MetroPcs because I didn't have to put a deposit and I just had to pay for the phone and the first month's bill. My monthly phone payment would be $25 with no extras.

Insurance

Getting individual health insurance is more expensive than getting a three year employer. I could not afford full coverage insurance on my car so I had to get liability insurance on my car. I wished that I could get my car fully insured instead of liability. That way I would be covered in case of an accident. Having liability is better than not having insurance at all and at least the other car would be covered.

Expenses

 I discovered that the electricity, water, and gas charge for the amount of electricity,water, and gas that i used. The electricity charges per kilowatt. The water is charged by were the meter reads. The gas is charged  for how much you use it. Child care is very expensive, the day cares charge more for infants than they do for toddlers and older children. It's better to get a babysitter than a daycare.

My First Home

I found a house that I could afford within my budget with a thirty year mortgage which I was not happy with. I wanted to get the fifteen year long mortgage but I could not make the payments so I had to get the fifteen year mortgage. I had a hard time looking for homeowners insurance because they gave me different quotes and the quotes for the homeowners insurance were based on when the house was built, if the house had an alarm system, smoke detector, and if the house was made out of bricks. I finally found a cheap one with Liberty Mutual.

Drawing 3D Figures

Today we took a short quiz about formulas of 3D figures that was not for a grade. For the rest of the day we just drew 3D figures and draw their nets. Some drawing parts were easy and some were hard. That is what we basically did today.