1. Cost of Living: New York City By: Lawrence Hu and Julius Chen

2. Total Income: JuliusOccupation: ChefInitial Income: $40,000FICA: $4,173.00State Tax: $2,099.53Total (After Tax): $33,727.47

3. Total Income: LawrenceOccupation: FirefighterInitial Income: $45,000FICA: $5,038State Tax: $2,442.03Total (After Tax): $37,519.97

4. Savings: Julius:Save 3% of Disposable Income: $1011.82$500 in Bank of America Checking Account$511.82 in Bank of America Savings Account with APY 0.05% Lawrence: Save 4.44% of Disposable Income: $2,000 $1,000 in Bank of America Checking Account $1,000 in Bank of America Savings Account with APY 0.05%

5. Remaining Income: Julius: $33,727.47 After taxes - $ 1,011.82 Savings = $32715.65 Lawrence: $37,519.97 After taxes - $ $2,000Savings = $35,519.97

6. Housing: 161 E110th St #7ANew York, New York 10079 Condo, 975 sq ft, 2 bedrooms, 1 bath

7. Housing Cost: Rent: $2,995/moLease term: 1 yearInitial Deposit: $1,500 Annual Cost per person: $17,970 Renter's insurance Annual Cost: $492 Monthly Quarterly Cost*: $41.01 246 annual per person 20.50 monthly per person

8. Remaining Income: Julius: $32715.65 – $17,970= 14,745.65 After Housing Lawrence $35519.97-$17,970= 17,549.97 After Housing

9. Health Insurance: LawrenceEmpire Blue Cross‍$181.97 monthly per person ‍TraditionPLUS Hospital Program Plan Type IndemnityDeductible$0Coinsurance0%Copay$02183.64JuliusEmpire Blue Cross‍$181.97 monthly per person ‍TraditionPLUS Hospital Program Plan Type IndemnityDeductible$0Coinsurance0%Copay$02183.64

10. Remaining Income: Julius: $14,745.65-$2,183.64= $12,562.01 After Healthcare Lawrence: $17,549.97- $2,183.64= $15,366.33 After Healthcare

11. Transportation: We will not own our own cars. Instead we will walk and use the New York City public transportation system.MetroCard Cost: $104/month for unlimited ridesTotal Cost for Year: $1248 each person

12. Remaining Income: Julius: $12,562.01-$1,248=$11,314.01 After Transportation Lawrence: $15,366.33-$1,248=14,118.33 After Transportation

13. Utilities: Average cost for Gas, Electricity, Water: $90/monthCost for Verizon FiOS Wireless Internet Connection 25/25Mbps: $64.99/month for a 1 year contract (taxes and fees not included)Cell Phones:Lawrence: Family plan with JuliusPhone: HTC Thunderbolt- 249.99 + 25 service charge = 274.99Plan: Split Nationwide Talk and text monthly: 49.99 + 30 data plan = 79.99Annual Charge: 1234.87Julius: Family planPhone: HTC Imagino - Free + 25 service charge= 25Plan: Split Nationwide Talk and text monthly: 49.99 + 30 data plan = 79.99Annual Charge: 984.88

14. Remaining Income: Julius: $11,314.01-6($90)(water/gas)-6(64.99)(cable internet) -984.88 (cellphone)=$9399.19 Lawrence: $14,118.33-6($90 )(water/gas)-6(64.99)(cable internet)- 1234.87(cellphone)=$11,953.52

15. Food: Lawrencehome cooked meals breakfast and lunch.Average breakfast: Noodles. Beef. Water = 3.00Average Lunch: Bread, meats, cheese, lettuce, Juice = 4.00Average Dinner: eat out = 2532 dollars a day x 7 days a week x 4 weeks per month x 12 months per year = 10752 dollars on food a yearJuliusBreakfast: Cereal and milk = .80Lunch: Bread, meats, cheese, lettuce, Juice = 4.00Dinner Eating out: 2024.8 dollars a day x 7 days a week x 4 weeks per month x 12 months per year = 8332.8 dollars on food a year

16. Remaining Income: Julius: $9399.19-$8332.80(food)=$1066.39 Lawrence:$11,953.52-$10,752(food)=$1201.52

17. Extracurricular Activities: Lawrence:Gym Membership at 24 Hour Fitness: $150 annual (Costco deal)Tennis Racket, Balls, String: $200One Movie per Month: 10$/month$120 annualJulius:Gym Membership at 24 Hour Fitness: $150 annual (Costco deal)

18. Remaining Income: Julius: $1066.39-$120(gym)=$946.39 Lawrence: $1201.52-$470(gym,tennis,movies)=$731.52

19. Conclusion: Julius Savings: $1,011.82 Healthcare: $2,183.64 Housing: $18,216 Transportation:$1,248 Utilities:$1,914.82 Food: $8,332.80 Extracurricular: $120 Remaining: $946.39 Lawrence Savings: $2,000 Healthcare: $2,183.64 Housing: $18,216 Transportation:$1,248 Utilities:$2,164.81 Food: $10,752 Extracurricular: $470 Remaining:$ 731.52