Financial Plan – 1999/2000 School Year

 

Reivsions based on the following new data:

 

Tuition Summary:

 

Quarter

Cost

Scholarships / Loans

Remaining

Autumn

1244

Loan – 1132

UW Scholarship - 112

UW Scholarship – 221

State Scholarship – 500

 

Total per month – 721

Winter

1244

Loan – 1132

UW Scholarship - 112

UW Scholarship – 221

State Scholarship – 500

 

Total per month – 721

Spring

1244

Loan – 1132

UW Scholarship - 112

UW Scholarship – 221

State Scholarship – 500

 

Total per quarter – 721

 

Current Finances:

 

Total debt

$2380

Software

-$50

New total

=$2330

 

 

New debt

+$1305

End of year

=$3635 

 

 
As of 10/1 I owed Dad $2380. This is a $50 reduction in this amount because of software I purchased at Microsoft and did not receive payment for. So the new total is $2330

 

This is a bit greater than the agreed amount of $1955, but all indications are that this discrepancy is excusable given the problems I had with housing and the confusion this caused.

 

The original agreement specified total debt at the end of this school year should be $3635, and cannot exceed $6000 at any point.  This leaves $1305 of additional loans this year.

 

I may or may not receive the full amount of my scholarship from the state ($1500) in time to start paying for the new apartment. Thus I am requesting the full amount of this years loan at this time.

 

Proposed Monthly Budget

 

Income

Amount

Expenditure

Amount

 

 

 

 

Scholarships

240

Rent

430

Employment*

600

Phone

80

Loans

160

Cable

30

 

 

Food

300

 

 

Supplies/Entertainment

200

 

 

 

 

Total

1000

Total

1040

*Number based on the halfway mark between $10 an hour for 15 hours per week, and $7 for 10 hours per week

 

As you can see . . . I’m cutting things REALLY close. Hopefully employment will provide more than $600 per month.

None of these estimates provide for future book purchases. I purchased all of my books on a credit card this quarter, and I may be able to continue to do so, but I don’t want to have to rely on that.

 

NOTE: The refunded deposit from my current landlord will be used to pay the new deposit at the new apartment

 

Employment Plans

 

I need to be employed by 11/1/99.

My goal is to work 15 hours per week, and make about $10 per hour.

This goal is probably not realistic. J