You are a first-year teacher living in the most diverse metropolitan city in the country. You now rent your own apartment, you just bought a new car, and have acquired all the necessary utilities and amenities to start your new life. But now you have financial responsibilities to take care of! With the rest of your first paycheck, you are responsible for paying your primary bills below.
Account Summary
• Apartment Rent: $1,000 per month
• Apartment Insurance: $20 per month
• Apartment Utilities: $200 per month - you will only pay half for this paycheck
• Car Payment: $250 per month
Car Insurance: $100 per month
College Student Loans: $100 per month - you will only pay half for this paycheck
Groceries: $200 (every two weeks)
• Savings Account: $50 (every two weeks) - optional
After final deductions and bills, how much money do you have to spend for yourself by the end of your first paycheck?