The document summarizes the estimated costs of living in Minneapolis for two attorneys, Hasan Siddiqui and Wayne Lin, who will be sharing an apartment. It outlines their salaries, taxes, savings, housing costs, healthcare costs, transportation costs, utility costs, food budgets, and extracurricular spending. Their total estimated annual costs are between $30,000-$40,000 each.

1. The Cost of Living in Minneapolis Wayne Lin & Hasan Siddiqui Period 1 M I N N E A P O S I L A Lin and Siddiqui Production

3. Salary: $45,000

4. Occupation: Attorney

6. Wayne’s Savings Money After Taxes and FICA: $32,981.50Net Income Per Month: $2,748.46Monthly Saving: $500Total Savings per Year: $6,000Bank of America Savings Account: $2,000APY: 0.15Chase Checking Account: $4,000

7. Hasan’s Savings Money After Taxes and FICA: $32,981.50Net Income Per Month: $2,748.46Monthly Saving: $250Total Savings per Year: $3,000Bank of America Savings Account: $1,000APY: 0.15Chase Checking Account: $2,000

8. Housing We will be sharing an apartment in Minneapolis and sharing the cost of rent equally.Apartment Description: 2 Bed, 2 Bath, 1000 Square Feet, furnished Adrress: 111 83rd Ave. NE Fridley, MN 55432Total Cost of Renting: $1,000/month with a $250 initial deposit (down payment).Hasan:Initial Deposit Payment: $250/2 = $125 Down PaymentRent Cost Per Month: $1,000/2 = $500/MonthTotal Rent Cost Per Year: $500/Month * 12 = $6,000/year ($6,125 for first year because of down payment)Wayne:Initial Deposit Payment: $250/2 = $125 Down PaymentRent Cost Per Month: $1,000/2 = $500/MonthTotal Rent Cost Per Year: $500/Month * 12 = $6,000/year ($6,125 for first year because of down payment)

9. Healthcare Purchasing a plan from United Health Care in Minneapolis, Minnesotta.Deductable: $3,000Monthly Cost: $100/monthTotal Yearly Cost for 1st Year: $3,000 + $100/month * 12 = $4,200Total Yearly Cost after 1st Year: $100/month * 12 = $1,200THERE IS NO COPAY FOR THIS INDIVIDUAL PLAN!!

10. Transportation The public transportation system in Minneapolis is quite efficient so we will not be needing a car.In Minneapolis it costs $150/month (5 dollars a day) for the Metro per person.A bus pass in Minneapolis costs $20/month per person.Metro Cost: $150/monthYearly Metro Cost: $150/month * 12 = $1,800/yearBus Cost: $20/monthYearly Bus Cost: $20/moth * 12 = $240/yearTotal Monthly Transportation Cost: $150/month + $20/month = $170/monthTotal Yearly Transportation Cost: $1,800/year + $240/year = $2,040/year

11. Utilities, Part 1 We will each be paying half of the total costs of utilities. Price of Electricity in Minneapolis: 4.5 cents/kWhApproximate kWh to be utilized: 769.23 kWhMonthly Electricity Cost: 769.23*.045 = $35/MonthTotal Electricity Cost Per Year: $50/Month * 12 = $600/yearAverage Monthly Water Cost in Minneapolis: $40/MonthTotal Water Cost Per Year: $60/Month * 12 = $720/yearAverage Monthly Gas Cost In Minneapolis: $20/MonthTotal Cost of Gas: $20/Month * 12 = $240/year

12. Utilities, Part 2 Average Monthly Cost of T-Mobile Cellphone Plan: $20/monthTotal Cost of T-Mobile Cellphone Plan: $20 * 12 = $240/yearAverage Monthly Cost of Internet Plan: $15/MonthTotal Yearly Cost of Internet Plan: $15/Month * 12 = $180/year.Total Monthly Cost of Utilities: $35/Month + $40/Month + $20/Month + $20/Month + $15/Month = $130/Month.Total Yearly Cost of Utilities: $130/Month * 12 = $1,560/year Hasan:Monthly Utilities Cost: $130/2 = $65/MonthYearly Utilities Cost: $1,560/2 = $780/yearWayne:Monthly Utilities Cost: $130/2 = $65/MonthYearly Utilities Cost: $1,560/2 = $780/year

13. Food, Part 1 Each of us will be budgeting food expenses by wisely mixing groceries and at-home cooking with eating out.Hasan:Total Monthly Cost: $400/month Groceries + $120/month Eating Out = $520/monthTotal Yearly Cost: $520/month * 12 = $6,240/yearWayne:Total Monthly Cost: $400/month Groceries + $120/month Eating Out = $520/monthTotal Yearly Cost: $520/month * 12 = $6,240/year

14. Food, Part 2 Meal by Meal BreakdownBreakfast: Cup of Coffee, tea, or orange juiceBowl of Cereal, Oatmeal, or eggsLunch: Sack Lunch: Piece of Fruit, Sandwich, CookieEat Outside: $10 Maximum Meal Per Person. So $20 TotalDinner: Hamburger (Freshly Grilled), Pizza (homemade), PastaEat Outside: $15 Maximum Meal Per Person. So $30 TotalBudget for Eating Outside is not the same as the Budget for Groceries. Eating outside is more costly, as evidenced by the approximate meal prices for lunch and dinner.We can either eat outside six times for lunch, 8 times for dinner, or 6 times for lunch and 4 times for dinner

15. Extra Curriculars Hasan:Monthly Cost of Clothing Shopping: $300Monthly Cost of Basketball Games (one per month): $100Monthly Cost of Electronics (shared with Hasan): $600/2 = $300Monthly Cost of Theater Movies: $33Monthly Cost of Concerts: (we will only go to one a month): $100Monthly Money Spent: $883/monthTotal Yearly Cost: $883/month * 12 = $10,596 Wayne:Monthly Cost of Clothing Shopping: $200Monthly Cost of Electronics (shared with Hasan): $600/2 = $300 Monthly Cost of Theater Movies: $33 Monthly Cost of Concerts: (we will only go to on e a month) $100 Monthly Money Spent: $633/monthTotal Yearly Cost: $633/month * 12 = $7,596 The figures listed here come from our extracurricular interests and the respective amounts of money we had remaining after we paid the cost of all other previously mentioned obligations.

16. Works Cited Works Cited "Cell Phone Plan Prices." T-Mobile. T-Mobile Corporation, 08 June 2011. Web. 08 June 2011. <http://www.t-mobile.com/>. "Consumer Price Index Minneapolis-St. Paul, MN-WI CPI." U.S. Bureau of Labor Statistics. U.S. Deapartment of Labor, 2 Feb. 2011. Web. 08 June 2011. <http://www.bls.gov/ro5/cpimpls.htm>. "Heating a Home in Minneapolis - Heating a Home in St. Paul - Heating Costs in Minneapolis and St. Paul." Minneapolis / St. Paul - Guide to Minneapolis and St. Paul, Minnesota. About.com. Web. 08 June 2011. <http://minneapolis.about.com/od/househome/a/heating.htm>. "Metro Minneapolis." Home - Metro Transit. Minneapolis Transportation Agency. Web. 08 June 2011. <http://www.metrotransit.org/>. "Minnesotta Health Information." Minnesota Health Information. 10 Mar. 2011. Web. 08 June 2011. <http://www.minnesotahealthinfo.org/>. "Springfield Apartments." Apartments.com. Belgrade Property Services, 25 May 2011. Web. 6 June 2011. <http://www.apartments.com/cvcommunity.aspx?page=cvcommunity&view=1&property=104559.6&SearchCriteria=3OqW1zUgyCXACV06ujH0o0pFa1UYbzAfEOaN5EHWmzdeaLhCGut2eY-%7cAGzoQqal3ltRGQdFzg14Cb6gH30spQa4THW1D0t8cdN68bgmpKhTc3uBh9GJPNcjghVE0-%7cKEmAishVYfGxoWrAyrVGbGerpwgCr6ERZ1KwFQMoMjzSaTMKwp60CcrbGU1MaiUlLVl&prvpg=8&sid=49116dae-8680-42e5-9c65-bd6d37d79925&productId=BA2110&Hidebackresults=T#Amenities>.