APMacro P2: PF Spending Plan


family budget

Spending Plan 1
John and Marcia are a young married couple. They have enough income to provide an adequate lifestyle. Like other individuals, they are locked into their fixed expenses, but they have more flexibility with the variable expenses. Marcia and John know that they want a second car. They recently set a goal to save up enough money in one year for the down payment on a second car. John and Marcia are regular savers. They practice the idea of “paying yourself first.” They plan to have $400 taken from their paychecks each month for the next year to enable them to make a $2,700 down payment on the second car. Go to the listing of John and Marcia’s variable expenses. Figure out where John and Marcia can draw the additional money for savings from their variable expenses.

Spending Plan 2
One year later, John and Marcia are pleased with their financial decisions. They have been able to reduce their expenses to purchase the second car. But new challenges have arrived. Marcia and John know that to be financially successful they need to begin acquiring better assets. Owning a home is on the top of their personal and financial wish list. Figure out where they can draw the additional money for savings from their variable expenses.


1) 8.3 Can John and Marcia Afford the Home of Their Dreams pp.59-60

Arrows-02-june

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