Today March 14, 2016 the whole class was assigned to work on our needs and wants and see the expenses result. At first I was like what is this I pay nothing so how am I suppose to do this. However I just put in $0 for everything. Then the teacher came and was like its not what you pay, it also can be what your house members pays. I was like oh then let me just do that. After that I searched for that major that I decided to pick and the yearly salary. Since I decided to study about surgeon so I figured out that they earns $519,000 per year so I was like yeah it's too much money then the teacher was like no the government will cut the tax so we all had to go to smart assets to see how much tax will the government take then when I calculated then found out that they will cut about $222,597. Then I subtracted the yearly salary with the tax and whatever I got I divided that by 12 to find out the monthly salary. Before all that we had to calculate out needs ( gas, electricity, housing, food, etc.) and wants ( shopping, vacations, etc.) and calculated the expenses. Lastly I matched my expenses with my monthly salary and check how much can I save.
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