1. Budgeting Money after Marriage Christina, Jonathan, Julia, Angela, Manuel

2. Sources of Income Our newly wedded couple doesn’t make a whole lot of money a year and has to be very cautious when spending money Husband: $18.00/hr Wife: $15.00/hr Over all, our couple makes around $5280 a month.

3. Housing As a new couple, with only $10,000.00 in savings, it would be extremely difficult and almost impossible to purchase a house. Our new couple decided to rent a house until they saved enough money to put a down payment on their on place. The house we choose, 51 Ed Quigg Way, Woodbridge ON will cost our couple $700.00 a month.

4. Living Expenses The money spent on rent a month, ($700.00) covers many other expenses that our couple requires to live. This basement apartment includes all appliances and electronics, hydro, gas ,cable, phone and internet expenses.

5. Food is a necessity in a persons every day life. This is why Groceries is added to our monthly budget. On average, a couple will spends about $150.00 a week, resulting in $600.00 a month (approx.) on food and snacks.

6. Clothing Whether its absolutely necessary or if it’s just for fun, people, especially women, love to buy clothing. Because our couple doesn’t make a whole lot of money, the amount spent on clothing has to be limited and controlled. Our couple has decided to put about $200.00 each ($400.00 a month) aside for clothing a month. Whether they use it or save it, that’s their choice.

7. Transportation Financing a car: To fully pay for our used 2001 BMW, our couple has chosen to finance a car, paying $300.00 a month. Insurance: Having a woman as a first driver saves our couple alot of money when it comes to car insurance. The wife will be first driver on the BMW while the husband will be second. The insurance will cost our couple approx. $150.00 a month.

8. Transportation Along with financing the car and paying monthly insurance rates, in order to drive the car, our couple will need to add gas and maintenance to their budget. Gas: $300.00 a month Maintenance: $100.00 a month

9. After paying the monthly bills regarding living expenses, it is important to put a certain amount of money away in our savings. As a couple, we decided a fair amount of money a month to put in our savings account will be $ 1000.00 a month.

10. Cell phone Bills Our couple, both having Blackberry smartphones, will be hit with a cellphone bill of $100.00 a month ($50.00 each).

11. Charity and Gifts Although our couple may not be the richest couple in the world, they are still able to afford to give some money to the less fortunate. This is why our couple has decided to give at least $100.00 a month as charitable donations. Also, our couple has a big family, and many close friends. Gifts need to be bought for these people for special occasions. Our couple has decided to keep about $200.00 a month of gifts. This money doesn`t isn’t always used and can be saved for the next occasion.

12. SUMMARY $700.00 RENT $600.00 GROCERIES $400.00 CLOTHING $300.00 FINANCING - CAR $150.00 CAR INSURANCE $300.00 GAS - CAR $100.00 MAINTANCE - CAR $1000.00 MONTHLY SAVINGS $100.00 CELL PHONE BILLS $100.00 CHARITY + $500.00 MONTHLY ALLOWANCE $4250.00 We started off by saying our monthly income was $5280.00 a month, which means we have $ 830.00 left over which covers the cost of entertainment, for example movie nights or eating dinner out. This also helps cover the cost of unexpected accidents that occur.