Car Payments
House Payments
Other Expenses
Paychecks
/Salaries
/Salaries
CttP
100
Jalen’s monthly net income is $3,000.
What is the MOST he should spend on a car payment if he follows the 10% rule?
$300
100
A family earns $5,000 gross income each month.
What is the MOST they should spend on housing using the 30% rule?
$1,500
100
A compact car has a 14-gallon tank and gas costs $3.29 per gallon.
An SUV has a 25-gallon tank and gas costs $3.79 per gallon.
Questions:
A) How much does it cost to completely fill each vehicle?
B) How much more expensive is the SUV fill-up?
Compact Car = $46.06
SUV = $94.75
Difference = $48.69
100
A teacher earns $48,000 per year.
What is their gross monthly income?
$4,000
100
2026 Jeep Grand Cherokee price?
$38,920
200
Maria earns $4,200 per month after taxes. Her car payment is $380.
Is her payment within the recommended 10% limit? If so, how much is it under the 10% limit?
Yes; $40
200
Kayla earns $72,000 per year before taxes.
What is the recommended maximum monthly house payment?
$1,800
200
A family has 2 children in professional daycare that costs $45 per day per child.
The children attend daycare 20 weekdays each month for 12 months.
How much does the family spend on daycare for the year?
$21,600
200
A nurse earns $60,000 annually and takes home 75% after deductions.
What is the nurse’s yearly net income?
$45,000
200
What is the estimated price of Kevin Hart's house?
$8 million
300
Ethan’s net monthly income is $2,800. He wants a truck with a $410 monthly payment.
How much OVER the recommended 10% limit is the payment?
$130
300
Marcus pays $2,100 monthly for rent. His gross monthly income is $6,500.
Is he above or below the 30% recommendation? How much above or below?
Above; $150
300
A shopper buys:
- 3 boxes of cereal at $4.29 each
- 2 gallons of milk at $3.89 each
- 5 frozen pizzas at $6.49 each
- 4 bags of chips at $2.79 each
What is the total cost with no taxes?
$64.26
300
An engineer earns $84,000 yearly. About 25% is deducted for taxes and other deductions.
How much is deducted monthly?
$1,750
300
How much is the price of a bag of Fruit Riot! sour grapes from Kroger
$6.49
400
A car costs $24,000. A student makes a $4,000 down payment and pays the rest over 5 years.
What is the monthly payment before interest?
About $333.33
400
A student’s gross monthly income is $4,800. Their apartment rent is $1,250 and utilities average $180.
Are they staying within the 30% housing guideline if utilities are included in the rent payment? How much over or under?
Yes; $10
400
An apartment has:
- 1 living room
- 1 kitchen
- 3 bedrooms
Electricity costs $50 per room each month.
The apartment also has:
- Internet: $75
- Streaming services: $18
- Water bill: $42
What is the total monthly utility cost?
$385
400
A veterinarian earns $96,000 annually.
What is their estimated monthly net income after 25% deductions?
$6,000
400
How much is Tom Brady's EXPENSIVE mansion?
$150 million
500
Taylor earns $52,000 per year and takes home 75% after deductions. Her monthly car payment is $520.
Is this a financially responsible car payment based on the 10% rule? If so, how much OVER the recommended 10% limit is the payment?.
No; $195 OVER
500
Jordan and Riley together earn $95,000 gross annually. They want a home with a monthly payment of $2,900.
Based on the 30% rule, should they buy it? How much under or over the 30% amount is this house payment?
No; too expensive by about $525
500
Sophia earns $70,000 yearly. Her monthly expenses are:
- $1,600 housing
- $500 car/insurance
- $700 groceries/utilities
- $600 other expenses
After estimated deductions, how much money should she have left each month?
$975
500
What is the average salary of a neurosurgeon in Indiana?
$694,501