PROJECT

OUR SITUATION

• Married
• 5 kids
• Receives $300 from the government
• Two Cats

HOUSE

• We inherited our house from my parents.
• The house costed us nothing, but since we took out a loan to have extensions, we must pay $200 per week.

VEHICLES

• We already have paid off our family van, but the husband is saving for a Volkswagen Van.
• We put back 62.69 dollars per week to save for this van.
• $30 for gas per week
• Insurance- $50
• Registration-$2.00

JOBS

• The wife stays at home because three of our five children aren't old enough for school.
• The husband works as a information tech and earns $1000

UTILITIES

• Electricity- $125
• Water- $20
• Cats- $30
• Savings- $100
• White Goods- $10
• Phone Bills- $90
• School fees- $10
• Medical- $50
• Health Insurance- $67.50

OTHER FEES

• Clothes- $10
• CD's- $10
• Entertainment- $40
• Sporting- $0
• Donations- $10

TOTAL: $1269.79

QUESTION 1

• Did you feel that you could live by this budget in real life? No, there's not enough money left over to really pay for much.

QUESTION 2

• What single factor affected your budget the most? Groceries