Chapter 2: Case Study #2; Tyler and Brittany's New Expenses

3. If they didn't purchase a home right now, how would their financial life look in two years?

I think it would look better then it would if they bought it. More bright and happy. No possible divorce over money.

4. Are there other options that Tyler and Brittany have for transportation instead of making payments on two new vehicles

I think they could have carpooled or looked into walking or taking a bus first before they jumped into buying two cars. They could have also looked into older cars that don't cost as much.

2. Should Tyler and Brittany make any changes to their budget? If so, what?

I think they should get rid of one of the cars or wait to buy the house.

1. If they continue their spending habits, predict what their financial state will be in two years from now

I think they will be in a load of debt and not have very good credit, maybe they would even lose their house and cars.

Tyler and Brittany got married six months ago, and they both have good jobs coming out of college. Tyler landed a marketing job with a communications company making a starting salary of $40,000 take-home pay per year. Brittany began her career as a first grade teacher's aide for the local school district making $10.00 per hour after taxes for 30 hours a week. After their wedding, they each purchased new vehicles, complete with car loans. Tyler's payments on his new truck are $488 per month, and Brittany is leasing her new compact car for nothing down and $239 per month for the next three years. They are also thinking about buying a new home with a monthly mortgage payment of $1,850. After figuring in monthly expenses, they realize that there isn't much left over at the end of the month.

Matchy, matchy, match it up