Sunday, March 9, 2008
Business Plan for 2C
Kim Ruelo and I worked together on this business plan for our endeavor as a one-stop Graphic Design and Photography business for Champaign-Urbana restaurants.
Sunday, March 2, 2008
Pricing Pt. II Personal Budget
| Monthly | ..Yearly.. | Income and Expenses |
| +$3,652 | +$43,819 | Gross Income |
| -$1,025 | $12,300 | Taxes: deduct 30% -$$$ |
| -$875 | $10,500 | Housing Jr. Studio Apartment in Wriglyville |
| -$11.75 | $141.00 | Rental Insurance |
| -$45 | $540 | Cellphone |
| -$89 | $1,068 | Internet and Cable Based off of what my monthly bill is now. |
| -$75 | $900 | Retirement savings |
| -$150 | $1800 | Electricity and heat |
| -$50 | $600 | Water/Sewer/Trash Numbers are according to what my parents pay who currently live in Chicago. |
| -$273 | $3,276 | Medical Insurance |
| -$100 | $1,200 | Clothes This is roughly double what I spend now but when I have a job I will need to spend extra for new pieces and upkeep of older clothes. |
| -$40 | $480 | Hair On average I spend $40 at the salon when I get a haircut. I go for a haircut about 4 times a year totaling $160. On top of that I spend about $25 a month on hair products. That brings it too $38.33 a month which was then rounded up. |
| -$10 | $120 | Prescriptions and OTC drugs Based on my average monthly prescription copay and ibprophin, cold/flu medicine, cough drops, etc. |
| -$100 | $1200 | Eating Out $100 a month allows enough flexibility to eat out at nice restaurants a couple times for special occasions as well as the occasional lunch out with friends or on the go. |
| -$100 | $1200 | Entertainment (based on my average current spending pattern. This includes movies, concerts and any extra activities like museums. |
| -$50 | $600 | Electronics: This number is a reasonable amount to allow for keeping up with current gadgets and upgrading electronics already purchased. |
| -$50 | $600 | Gifts: birthdays, holidays, etc. This is on average what I spend now. |
| -$100 | $1200 | Furniture and Housewares This is what my cousin spends on upkeep or appliances and furniture and she is living in a similar situation as this budget. |
| -$125 | $1,500 | Food Based on my average grocery spending now. |
| -$150 | $1,800 | Car savings This is what I would like to be saving and putting towards eventually owning a car. |
| -$41.66 | $500 | Traveling Just for travel expenses pertaining to plane or train tickets. |
| -$1.50 | $18 | Magazine Subscriptions |
| -$20 | $240 | Toiletries Including soap, feminine products, toothpaste, etc. |
| -$60 | $720 | Student Loans Based on information given to me by my mother. |
| -$30 | $360 | Credit Card Debt Based on my current debt and any future debt I may incur in the future. |
| -$15 | $180 | Pets The average cost of owning a dog according to what I spend now. |
| $64.66 | $776 | Total remaining |
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